Forecasters say hurricane Harvey, the echoes of which still rage in Texas, while the main power is moving to Louisiana on Wednesday, will be the most expensive natural disaster in U.S. history.
The impact of the hurricane on the economy at the time of its completion will be close to 160 billion dollars, which is comparable with the amount of damage inflicted by hurricanes Katrina and sandy. This was announced by Joel Myers, President of AccuWeather.
Myers also added that the staggering amount of 0.08% of GDP, which in dollar terms is equal to 19 trillion dollars. Large enterprise, Federal reserve, banks, insurance companies, etc. should begin to consider the negative impact of the hurricane on business, corporate income and employment.
According to AccuWeather, the worst part of the hurricane is still waiting for US ahead, as the level of water in Texas continues to grow, threatening to bring down some dams.
According to Myers, meteorologists in General did a great job warning people about the storm, but officials in some cases slow to respond to emerging problems, with the result that people died and suffered at home. During natural action every hour and minute and priority is the maximum loss prevention.
For example, Houston mayor Sylvester Turner has been criticized for the fact that he had not announced the evacuation before hurricane Harvey hit the city. In its defense, the official said that the evacuation of Harris County would lead to even greater disaster for the residents as ill-conceived evacuation would turn into chaos and would cause panic.
