8.9.05

Destruição de recursos - II

This hurricane has at least three unusual features that will likely take additional bites out of third- and fourth-quarter GDP.(...)
While most hurricanes have economic effects, Katrina has at least three unique factors: its impact on U.S. energy production; the related devastation of a major urban center, New Orleans; and the disruption of a vital transportation artery, the Mississippi River.(...)

The negative effect of the oil shock largely comes from the income drain from higher energy prices for purchase of nonenergy goods, as well as reduced "real" (adjusted for inflation) purchases of energy goods.
(*)"Englund é "Principal Director and Chief Economist" da Action Economics. Já foi "Chief Market Economist" da Standard and Poor's, participando no Standard and Poor's Forecast Council.