COVID-19 and Texas economy
Published on Friday, April 3, 2020 | Updated on Saturday, April 4, 2020
COVID-19 and Texas economy
Summary
The headwinds from declining oil demand and increasing supply will delay the recovery of the Texas economy. Consequently, we expect Texas GDP to decline between -3.7% and -6.9% in 2020, that is, worse than the U.S. average. This would mark the worst recession since at least 1978.
Key points
- Key points:
- Texas and the U.S.
- Oil and gas industry
- Vulnerable MSAs
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Energy and Commodities
- Macroeconomic Analysis
Authors
Adrian Casillas
Kan Chen
Nathaniel Karp
Marcial Nava
Documents and files
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