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Dr. Perryman on Hurricane Harvey
Video Delivered on October 06, 2017

Ann Harder of KXXV-TV interviews Dr. Perryman about the economic impacts of Hurricane Harvey.

Hurricane Maria to Cost the Economies of Puerto Rico and Other Us Territories Nearly $48 Billion
Press Release Released on October 06, 2017

The third major hurricane in two months hit the United States in late September, this time impacting Puerto Rico and surrounding islands. A category 4 storm at landfall, Hurricane Maria hit south of Yabucoa Harbor in Puerto Rico on September 20, with sustained winds of 155 miles per hour. The storm caused the electrical infrastructure of the entire island to be destroyed, and some estimates put the restoration of power on the island on a six to eight or even 10-month time frame. Hurricane Maria also extensively damaged drinking water supply systems, hospitals, schools, and cell service infrastructure.

Hurricane Irma to cost the US economy an estimated $75 billion
Press Release Released on September 13, 2017

With Hurricane Irma making landfall in Florida, the US has suffered two major hurricanes in a little over two weeks. Fortunately, the impact of Irma was not as bad as initially feared, although it still created significant damage and destruction of homes and businesses. The human suffering is of paramount importance, and the emotional losses are enormous. As with Hurricane Harvey, Hurricane Irma will have a significant impact on the economy.

DACA Decision Could Significantly Complicate Recovery from Hurricane Harvey
Press Release Released on September 05, 2017

The Trump Administration has announced a decision to end Deferred Action for Childhood Arrivals (DACA), an immigration program allowing individuals who entered the United States as children to remain here for school or work. Nearly 800,000 persons are enrolled in the program. Approximately 124,3000 of these "Dreamers" live in Texas, with a high concentration in Houston and the Gulf Coast region.

The Perryman Group Estimates Hurricane Harvey Could Reduce Gross Domestic Product by $145 Billion over Several Years
Press Release Released on August 31, 2017

Hurricane Harvey has proven to be a catastrophic, unprecedented storm, and its impact has worsened as the storm has continued and surpassed multiple estimates of worst-case scenarios. Harvey is now recognized as the wettest in the history of the continental US and in some areas rainfall has surpassed the average annual totals in less than a week. Many experts are now referring to Harvey as a 1,000-year flood, meaning the likelihood of an event like this occurring is only once in 1,000 years.