Published:
May 22, 2020
Economists have said Texas could struggle to bounce back from the economic calamity caused by COVID-19 even though businesses across a wide swath of industries are allowed to reopen because of the double whammy Shankar described the coronavirus leading to shuttered businesses combined with weak oil prices.
The pandemic's damage has been swift and spared no sector of the Texas economy, leading to bottlenecks at food banks, renters evicted and scrambling for housing, college graduates without jobs and many jobless Texans not receiving unemployment benefits due to the Texas Workforce Commission’s inability to fully respond to the surge in demand.