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Economic impact of Hurricane Harvey

UBS outlines reasons why latest storm could cause major economic problems
Thursday 31 Aug 2017 Author: Tom Sieber
Big News

As well as leading to between $1bn and $2bn in insured property losses in Texas, Hurricane Harvey is expected to have a material impact on the US economy.

Investment bank UBS says initial claims for unemployment benefits from the affected region ‘could soar’.

The energy sector which dominates the Lone Star State is also heavily impacted with production and exports as well as refining and drilling activity curtailed.

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31 Aug 2017

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