Texas Heat Waves Take Toll on State's Economy
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Each degree of warming slows Texas' economy by 0.4% according to Dallas Fed economists.
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Extreme heat this year may have cost Texas $24 billion, reducing GDP by 1%.
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Hotter summers reduce business activity - customers stay home, agriculture yields fall, construction slows.
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25% of companies reported lower revenue/production in August due to heat reducing demand and productivity.
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While hotter summers hurt the economy, warmer springs and falls could boost it in some years.