Hurricanes Harvey and Irma Could Shave Up to 1 Percent From US GDP in 3rd Quarter
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- By Mil Arcega
Two back-to-back storms will have a significant impact on U.S. growth and productivity, according to economists tracking the impact of Hurricanes Harvey in Texas, and Irma — expected to make landfall in Florida this weekend. Despite the potential catastrophic loss in lives and capital, economists who spoke with VOA say the damage to the U.S. economy is likely to be short-lived. Mil Arcega has more.