The Economic Outlook for the US and Texas

Projected Recession and Recovery from COVID‑19

Published on April 21, 2020
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The Perryman Group's most recent economic projections for the US and Texas incorporate the potential effects of COVID-19. The forecast calls for significant losses this year, but a fairly rapid recovery is expected once the worst virus issues have passed.

The current situation emanates from a horrific pandemic, but the economic structure was basically sound as we entered this situation. Aggressive actions are being taken by the Federal Reserve, the federal government, and states and local areas across the country to help mitigate the economic damage. Assuming the underlying structure remains essentially in place, the downturn, while sharp and painful, will likely be more of a pause than a fundamental change.

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