Cyrrus (Cyrrus)
Markets  |  November 23, 2012 09:44:38

Estimates of the impact of Hurricane Sandy - detracts from GDP this year, next year will promote, damages in the tens of billions of dollars, hundreds of axles


Leading analyst firm gradually come up with estimates of the impact of recent hurricane raging Sandy. For example, according to analysts from the Economic Outlook Group recovery east of the country will help the U.S. economy by 0.5 percentage points next year. The damage this natural phenomenon is likely to reach $ 50 billion if half of this amount is accounted for material damage and half for loss of income and sales. To repair the damage comes an estimated 140 to 240 billion USD, which is significantly more than the damage done. The reason is the fact that during the repairs will occur as well as upgrades. Goldman Sachs also made similar estimates of GDP for 2013.The decline in GDP growth in 2012 due to Sandy bankers calculated to be about 0.25 to 0.5 percentage points.

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