The Economic Impact of Hurricane Harvey
In this webinar replay, Mark Zandi and the Moody’s Analytics team examine the economic impact on the national and regional economy, including the effect on GDP, corporate profits, gas prices, as well as property damage estimates for infrastructure, real estate and vehicles.
Hurricane Harvey is poised to become one of the costliest natural disasters in U.S. history. It will take a significant toll on Southeast Texas, but is unlikely to be a macroeconomic event. Harvey could leave a small but temporary mark on U.S. GDP that likely won't be enormous unless there are significant disruptions to the energy industry.
Chief Economist Mark Zandi discusses the economic impact of Hurricane Harvey including:
- What is the hurricane's immediate impact on the regional and national economies?
- What are the implications for the U.S. energy industry?
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