US economy should withstand Harvey's pummeling of Texas coast
Harvey has been downgraded from hurricane status, but it’s drawing forecasts for unprecedented flooding across the heart of an oil-producing region and in Houston, the fourth-largest US city.
(Bloomberg) -- Tropical Storm Harvey will come with major economic consequences for an area critical to U.S. energy production that will be painful, costly and lasting, but the damage is unlikely to reverberate across the country, economists said.
Harvey has been downgraded from hurricane status, but it’s drawing forecasts for unprecedented flooding across the heart of an oil-producing region and in Houston, the fourth-largest US city.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
