Economist Ray Perryman on COVID 19 & the Texas Economy

What is Economist Ray Perryman saying about COVID 19 and the Texas Economy:

• Uncertainty. difficult to determine the ultimate fallout for the economy
• Recession Avoidable. ” Texas can avoid a recession as long as the numbers of coronavirus cases do not explode exponentially and begin to wane soon”
• Fast Recovery. expects spending to recover fairly quickly after there is more clarity concerning coronavirus
• Markets Overreact. Markets are uncomfortable when there isn’t information needed to make informed decisions

Tyler Morning Telegraph | Economist Ray Perryman predicts notable effects on Texas economy due to coronavirus