You won't believe the estimated damage cost of #HurricaneHarvey

#Nigeria Damage from Hurricane Harvey could indicate it among the top five US storms, with failing dams and dykes that led to loss forecasts, the current data modeling showed Tuesday.



Estimates of total economic costs and damage rose to over $ 42 billion, compared to $ 30 billion, as flooding began to expand in Louisiana and flood control measures were surpassed, According to Chuck Watson, founder of the disaster modeling company Enki Research. While the authorities were still focused on survivor rescue on Tuesday, the issue of the consequences of the storm - and its lasting success for the Texas and US economies - was just beginning. "If Harvey was your normal hurricane, it would probably be a $ 4 billion event," Watson told AFP. "It would be tragic for those affected, but for the effect on the macro economy, we would not talk at all." But $ 42 billion in unrecoverable economic losses would make Harvey as dangerous as Hurricane Ike, which hit Texas and parts of the Caribbean at a cost of $ 43 billion in 2008, and Hurricane Wilma, Destroyed North America in 2005, costing nearly $ 38 billion, according to Watson estimates. And this figure could rise further


AFP



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