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Hurricane Harvey to make mild dent in U.S. economic growth: Reuters poll
U.S. economic growth will take a mild hit in the current quarter from Hurricane Harvey that slammed into Texas, but the outlook for the coming year remained steady in the latest Reuters poll, suggesting lost output will likely be recouped.
Harvey was the most powerful storm to hit Texas in more than 50 years, killing over 60 people and displacing more than 1 million citizens. It also forced a temporary closure of refineries and the governor of Texas said the damage was around $180 billion.
Asked about the impact of Hurricane Harvey on economic growth in the current quarter, the median forecast from 48 economists…
Right Behind Irma, Here Comes Hurricane Maria
Hurricane Irma may be gone, but the 2017 hurricane season clearly isn’t done yet. Tropical Storm Maria has formed in the Atlantic and is now advancing on the same islands that took the brunt of Irma’s wrath.
The storm’s forecast track, according to the National Hurricane Center (NHC), has it strengthening into a hurricane as it approaches the Leeward Islands early next week.
A Hurricane Watch has been issued for Antigua, St. Kitts, Nevis, Montserrat and the tiny, Irma-devastated island of Barbuda…
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