Better Economics
A censored website accused of political incorrectness
Monday, August 28, 2017
Storm Harvey could cost as much as a quarter to half point GDP
30,000 expected in shelters, 450,000 may need disaster help
It depends on how much disaster help is need per person, but it could add up to tens of billions. The economy was already running at less than 2% growth, and this could push that number down to 1.5% potential growth, recession likely in that case.
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