Hurricanes Harvey and Irma caused between $150 billion and $200 billion in damage to Texas and Florida, but what does that mean for our economy and your clients?
According to HiddenLevers past hurricane damage has not been substantial enough to impact the overall US economy, and rebuilding can actually boost the GDP. If these frequent storms start to occur on a regular basis, the government may be inclined to give less funding. This could impact not only storm recovery, but the economy as well. As the most exposed asset class, real estate prices in hurricanes areas could also take a hit.
HiddenLevers put together a great webinar going into more details about how climate disasters could our economy. After watching the webinar, you can run a stress test on HiddenLevers here.
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