U.S. | Economic impact of Hurricanes Harvey & Irma
Published on Tuesday, September 19, 2017 | Updated on Tuesday, September 26, 2017
U.S. | Economic impact of Hurricanes Harvey & Irma
Summary
Gross losses could reach $111bn for Texas and $52bn for Florida. However, the net economic impact will be modest after reconstruction is completed. Overdevelopment and fast population growth in low-lying coastal areas increase disaster potential. The biggest challenge for Houston is to maintain its long-term attractiveness
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Authors
Nathaniel Karp
Marcial Nava
Boyd Nash-Stacey
Filip Blazheski