‘Extreme’ Texas heat could cost state businesses over $9 billion: report – By Maya Boddie (Alternet) / July 29, 2023
Residents of Texas are opting to stay inside as “extreme heat” persists, according to a Saturday, July 29 Business Insider report, and last month, the National Weather Service predicted “no end in sight” for the heat wave plaguing the Lone Star State.
As a result, the state could potentially suffer a $9.5 billion economic blow, Insider reports.
Per Insider, The Wall Street Journal recently interviewed Economist Ray Perryman, who said such a massive hit is “equivalent to a 0.47% lower growth rate.”
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