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Southwest Economy, Second Quarter 2020

Second Quarter 2020

Small Business Hardships Highlight Relationship with Lenders in COVID-19 Era

The COVID-19 crisis has disrupted normal small business operations and will likely limit the ability of many enterprises to stay financially afloat.

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COVID-19, Oil Price Collapse to Challenge Banks in 2020

Eleventh District banks face challenges from instability in the energy sector and economic fallout from the COVID-19 pandemic.

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Spotlight: Black Workers at Risk for 'Last Hired, First Fired'

In the U.S., black unemployment rates have spiked much more than white jobless rates during recessions. Additionally, black unemployment rates tend to more slowly recede.

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President’s Perspective

President Kaplan shares recent thoughts on the outlook for Fed policy, COVID-19 testing and negative interest rates.

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LiftFund’s Microlending Helps Small Businesses Battle to Survive COVID-19

Janie Barrera is the founding president and chief executive officer of San Antonio-based LiftFund. Created in 1994, LiftFund has one of the nation’s largest microlending portfolios. The nonprofit provides loans and management training to very small enterprises in Texas and seven other states.

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Go Figure: COVID-19 Tanks U.S. Fuel Consumption, Prices

The effects of the pandemic, including working from home and reduced travel, dropped fuel consumption from mid-March to mid-April 2020.

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Authors

Wenhua Di

Chloe Smith

Amy Chapel

Kory Killgo

Aquil Jones

Joseph Tracy

Olumide Eseyin

Jesse Thompson

Southwest Economy is published quarterly by the Federal Reserve Bank of Dallas. The views expressed are those of the authors and should not be attributed to the Federal Reserve Bank of Dallas or the Federal Reserve System.

Articles may be reprinted on the condition that the source is credited to the Federal Reserve Bank of Dallas.