![Texas Governor Greg Abbott gives remarks with Former President Donald Trump at the border.](https://fortune.com/img-assets/wp-content/uploads/2024/12/GettyImages-1791368803-e1734372429552.jpg?w=1440&q=75)
Texas Governor Greg Abbott (left) predicted that economic output in Texas would soon exceed that of the struggling European nation thanks to booming investment and President-elect Donald Trump’s (right) plans to slash regulations on oil, gas and other industries.
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