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Essay heading: Katrina may curb economic growth into 2006
 
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Issue: Social Issues
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Date added: June 10, 1997
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No of pages / words: 3 / 807
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The article gave several economists opinions. a. "While the storm's impact was most felt in the United States, it also sent fuel costs higher around the globe, squeezing consumers in Europe and Asia and hurting everyone from truckers to fishermen to airlines." said Mark Vitner, senior economist at Wachovia Securities in Charlotte, N...
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The article stated that Hurricane Katrina caused a cutback in travel over the Labor Day weekend in the United States. According to the article, economists point out a drop in consumer confidence is likely. "There's a psychological impact. Consumers aren't in a festive mood," said Michael P. Niemira, chief economist at the International Council of Shopping Centers...
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