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COVID-19 And The Texas Economy: What We Know So Far

Photo by Ellie Burgin from Pexels CC0: https://bit.ly/2YRb9J8

The coronavirus pandemic continues to wreak havoc on the U.S. economy, decimating American jobs and small businesses.

What fallout have we seen so far and what more is expected? Who is bearing the brunt of COVID’s economic impact? Which industries have been hit hardest? 

Has COVID-19 caused a recession in the U.S.? Are we headed toward the second Great Depression? 

What policy tools have been tried so far to mitigate the damage? What are the Fed, Congress and White House doing to help sustain the U.S. economy? 

How is Texas faring compared to other states and what are the most important factors at play? What could the road to recovery look like post-pandemic? 

Guest: Pia Orrenius, vice president and senior economist for the Federal Reserve Bank of Dallas

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*This interview was recorded on Thursday, July 2.

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Kim Johnson is the producer for Texas Public Radio’s live, call-in show The Source. She is a Trinity University alum with bachelor’s degrees in Communication and Spanish, and a Master of Arts Degree from the School of Journalism at the University of Texas at Austin.