Uncategorized

Texas faces $12 trillion economic loss due to heat wave.

The southern U.S. state of Texas, which is suffering from a record-breaking heat wave, could lose as much as $9.5 billion in economic losses, according to an analysis.

The Wall Street Journal (WSJ), citing research firm Perryman Group, reported that if the heat wave that has gripped the southwestern US for more than a month continues into next month, Texas’ economic growth will be reduced by 0.47%. In monetary terms, the reduction in gross state product (GSP) would amount to $9.5 billion.

In fact, in the month since mid-June, when the heat wave began, the average workweek for small- and medium-sized employers in Texas’ tourism, entertainment, and sports industry has plummeted to 19.6 hours, a 20 percent drop from the previous year, as the heat has led to fewer customers and less work.

The Wall Street Journal reported that Houston is now as deserted as it was in the early days of the pandemic.

The heat is forcing residents to order necessities online and avoid unnecessary socializing, 카지노사이트킴 the Wall Street Journal reported.

Related Posts

토토사이트 – Real Madrid reveals astronomical buyout of Bellingham and Vinicius

Real Madrid’s key midfielder Jude Bellingham’s buyout was revealed. The British Daily Mail quoted “Talk Sports” on the 13th (Korea time) as saying, “Bellingham was found to be…

Nova Scotia Man Wins Biggest Instant Winner Award

Most recently, a Nova Scotia man has become part of history because he is the biggest instant winner on alc.ca , the Atlantic Lottery Company said. The lucky…

Saudi Arabia’s NEOM project unlikely to match Korean firms’ expectations

Korean companies may not be able to enjoy the benefits they have anticipated from Saudi Arabia’s NEOM project, as the Middle Eastern country appears to be scaling down…

Frost discovered on top of giant Mars volcanoes

Early morning frost has been detected on the peaks of massive volcanoes on Mars, an unexpected discovery about the dispersal of water on Mars that could one day…

Korea, Turkmenistan agree to enhance cooperation in energy, infrastructure projects

The leaders of Korea and Turkmenistan agreed Monday to expand cooperation in large-scale energy and infrastructure projects, and work together for Seoul’s strategy for Central Asia. President Yoon…

Im Chang-jung cleared of stock manipulation allegations, apologizes to fans for ‘shameful behavior’

Singer Im Chang-jung, who prosecutors recently cleared of allegations involving a stock manipulation scandal, apologized to his fans. “I deeply apologize to everyone and my fans who have…

Leave a Reply

Your email address will not be published. Required fields are marked *