Cost of Hurricane Sandy Compared to Other Major US Disasters
Superstorm Sandy will ultimately be known as one of the costliest economic disasters ever experienced in the U.S. An estimated $50 billion will be lost as a result of the storm, says Mark Zandi,chief economist at Moody’s Analytics.
Only Katrina, 9/11 and Hurricane Andrew suffered bigger economic losses, he says.
In a teleconference and webcast this morning, Zandi estimated that Sandy will cost $30 billion in damages to households, businesses and infrastructure and $20 billion in lost output from business, transportation, health care, government and other services.
He cautioned that these s figures are “very preliminary estimates” and total losses ultimately could be higher.
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Posted on November 2, 2012 at 7:05 pm by salaryfor.com · Permalink
In: Business Stories · Tagged with: Business Transportation, Chief Economist, Damages, Economic Disasters, Economic Losses, Estimates, Government Services, Health Care, Households, Hurricane Andrew, Infrastructure, Mark Zandi, Salary Information, Sandy, Teleconference, Transportation Health
In: Business Stories · Tagged with: Business Transportation, Chief Economist, Damages, Economic Disasters, Economic Losses, Estimates, Government Services, Health Care, Households, Hurricane Andrew, Infrastructure, Mark Zandi, Salary Information, Sandy, Teleconference, Transportation Health
