Hurricane Harvey caused widespread damage and broad disruption to the Southeast Texas economy. Preliminary estimates indicate that Harvey will be one of the costliest U.S. hurricanes, ahead of Sandy and behind Katrina. However, the storm’s negative impact on employment and business activity is expected to be transitory and should not derail the state’s positive economic momentum. The Federal Reserve Bank of Dallas’ forecast for 2017 job growth is unchanged at 2.6 percent (December to December).
Read more...Hurricane Harvey Unlikely to Throw Texas Off Course - Dallasfed.org
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.