On the Radar: September 13, 2021

On the Radar: September 13, 2021

September 15, 2021

How significant will the economic impact be from Hurricane Ida?

While the economic damage from Hurricane Ida is still being assessed, the storm that wreaked havoc from New Orleans to New York could end up  becoming one of the costliest hurricanes to hit the U.S. since 2000, with projections now that total losses may reach $95 billion.

However, although the storm was a significant event for many individuals and localities, the immediate and longlasting impacts to the $23 trillion U.S. economy are expected to be relatively small.