Economist: Texas faces $9.5 billion in losses if record-breaking heatwave persists
If it persists, Texas' heat wave will put a serious chill on the Texas economy, one economist predicts. If the record-high temperatures that baked the state in July continue, the Texas economy could lose some $9.5 billion in real gross product, according to new research by Waco-based economist M. Ray Perryman.
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