Journal Article
Brutal drought depresses agriculture, thwarting U.S. and Texas economies
Abstract: The drought?s effects significantly suppressed U.S. economic growth in 2012. Sharply lower farm inventories subtracted 0.2 and 0.4 percentage points from already weak real GDP growth in the second and third quarters, respectively.
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2012
Issue: Q4
Pages: 10-13
Order Number: 4