Tag: cost of damages

Economic cost of Harvey, Irma could be $290 billion

  WASHINGTON, United States (AFP) — The combined economic cost of Hurricanes Harvey and Irma could reach $290 billion, equivalent to 1.5 percent of the US gross domestic product, US forecaster AccuWeather said in a report Sunday. “We believe the damage estimate from Irma to be about $100 billion, among the costliest hurricanes of all time,” said the firm’s CEO and founder Joel Myers. Harvey, which battered Texas and parts of Louisiana in late August, […]