NEWS
Harvey could be costliest disaster in US history
By Yaron Steinbuch
August 30, 2017 | 9:45am | Updated
AP
Hurricane Harvey, the remnants of which continue to wreak havoc in Texas and made landfall in Louisiana on Wednesday, is expected to be the costliest natural disaster in US history, a veteran weather expert said Wednesday.
“This will be the worst natural disaster in American history. The economy’s impact, by the time its total destruction is completed, will approach $160 billion, which is similar to the combined effect of Hurricanes Katrina and Sandy,” said Joel Myers, president of forecasting company AccuWeather.
Myers said the staggering figure represents 0.08 percent of the gross national product, or GDP, which is $19 trillion.
READ MORE: http://nypost.com/2017/08/30/cost-of-harvey-destruction-expected-to-reach-160-billion/
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