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re: Often-touted Atlanta Fed GDPNow projection has some bad news for 3Q
Posted on 9/15/17 at 7:19 pm to bencoleman
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.
1
Posted on 9/15/17 at 10:09 pm to buckeye_vol
Think about the intercoastal canal from Brownsville to Pensacola and shutting it down, the port of Houston, lake Charles port, baton rouge, new Orleans, mobile. The impact would be fwlt.
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