Preliminary Estimate of the Economic Costs of Hurricane Ida Include $125 Billion in US Output and Could Go Higher
Brief Published on September 02, 2021On August 29, Hurricane Ida made landfall near New Orleans causing wind damage and flooding. Its remnants have caused significant issues across the eastern United States. The human suffering is of paramount importance and should be the primary concern, as well as enormous emotional losses. In addition, the storm will have a significant impact on the economy.
- Tags:
- hurricane,
- Hurricane Ida,
- Louisiana
Preliminary Estimate of Economic Harm from Hurricane Laura
Brief Published on September 01, 2020Category 4 Hurricane Laura made landfall just after midnight on August 27, 2020 in Cameron Parish, Louisiana, about 35 miles east of the Texas border. While the damage was significant, the economic costs could have been far worse. The Perryman Group estimates that if the storm had made landfall as a direct hit on one of the nearby refining and petrochemical areas (such as Beaumont), the economic losses could have been 8 to 10 times as large as preliminary damage estimates have indicated.
- Tags:
- hurricane,
- Hurricane Laura,
- Louisiana,
- Texas