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COVID-19 resurgence slows Texas economic growth and last updated 2020-12-28 19:14:34-05 A daily rise in COVID-19 cases has slowed the growth of the Texas economy, with some feeling the effects more than others. âWhere we see the negative impact is on the service sector. So face-to-face businesses that, you know, rely on people physically being present are the business that are most hurt, and thatâs the consumption thatâs most negatively affected by the resurgence of the virus,â said Pia Orrenius, the Vice President and Senior Economist with Dallas FED. COVID-19 is not uncharted territory anymore. As cases rise and the brakes get put back on, there is a heightened sense of caution now to move freely ....