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re: Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q
Posted on 9/15/17 at 7:05 pm to buckeye_vol
Posted on 9/15/17 at 7:05 pm to buckeye_vol
Every job my company had near the gulf coast shut down for at least a week. There are roughly 5000 people where I work. Multiply that by 10 just for our company alone and yes it has an impact. I would say that at least a third of the U.S. population lives within 70 miles of the gulf of Mexico coast. Not to mention up the east coast of Florida. Yes it will have an impact.
1
Posted on 9/15/17 at 7:19 pm to bencoleman
quote:Well when we are talking trillions of dollars, even a fraction of that is a huge impact. But that doesn't make that fraction somehow bigger, and defintely not 45% of the forecasted growth.
Multiply that by 10 just for our company alone and yes it has an impact
Hurricanes Irma, Harvey will have a significant negative impact on third-quarter GDP growth
quote:
Moody's estimates the combined cost of both storms, including property damage and lost output, at $150 billion to $200 billion.
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