Austin, Atlanta Give ‘Middleweight’ U.S. Cities Global Punch

Mid-size U.S. cities such as Austin, Texas, and Atlanta will join New York and Los Angeles to drive more than 10 percent of the world’s growth from now to 2025, McKinsey Global Institute said in a report.

Home to almost 70 percent of the U.S. population, so-called middleweight cities generated more than 70 percent of the nation’s gross domestic product, about 20 percentage points more than Western Europe’s 183 cities of similar size, according to McKinsey, the international consulting firm.