A Look Ahead for the Texas Economy
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The past two years have been difficult, but the path forward is encouraging!
The Texas economy was in the midst of a historic expansion in early 2020, when the COVID-19 pandemic hit. In just two months, nearly 1.5 million jobs were lost. Since that time, a recovery has ensued, and many parts of the state have reached or exceeded pre-pandemic employment levels. Issues remain, but the recovery is well conditioned to continue (as long as another major outbreak of serious COVID-19 cases requiring retrenchment of business activity can be avoided).
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