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Texas Gets Double Punch From Coronavirus and Oil Shock. ‘There’s No Avoiding This One.’

Texas Gets Double Punch From Coronavirus and Oil Shock. ‘There’s No Avoiding This One.’


Texas had one of the best economic records of any U.S. state after the 2008 financial crisis. In this crisis, it faces the prospect of a deep and prolonged downturn.

The Lone Star State is exposed to many of the pandemic and shutdown’s economic ill consequences, with three cities—Austin, Houston and Dallas—home to an abundance of service-sector jobs, especially at risk. A downturn in the oil industry and other businesses big in Texas, including airlines and ports, will likely amplify its pain. Industry analysts expect the…



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