Hurricane Irma economic losses $58 – $83 billion
Thursday, 09 14 2017, Category: Nature, Country: World
Economic losses from hurricane Irma are likely to rise to somewhere within a range from $58 billion to $83 billion, according to Moody’s Analytics, with lost economic output contributing as much as $16 billion given the wide area impacted by the storm.
The estimate of economic loss includes both property damage and lost economic output, although the economic property damage is expected to be lower than from hurricane Harvey.
Hurricane Harvey (estimated at up to $108 billion of economic costs) caused a considerably larger economic loss than Irma, with water driving much more of the costs as flooding covered Texas.