‘I am scared of losing my income, my shop and my home’ — Texas businesses worry about coronavirus

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‘I am scared of losing my income, my shop and my home’ — Texas businesses worry about coronavirus
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Texas business executives told the Dallas Fed what they're worried about during the coronavirus pandemic. Here are some of their responses:

Anxiety and uncertainty are spreading rapidly among business leaders as the coronavirus lashes the broader economy.

• “The major impact from the coronavirus is the killing of any economic momentum at all costs to isolate. It may take years to recover the huge loss of jobs and the dampening of the economy.” — Executive at a chemical manufacturer • “This pandemic seems overblown when you look at the actual death toll , but the impact on the economy will be very real and much more devastating than this virus.” — Executive at an electronics manufacturer

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