WASHINGTON — The impact of Hurricane Ida on the U.S. economy should be modest as long as damage estimates do not rise sharply and refinery shutdowns are not prolonged, economists said Sunday.
“The key channel for Ida to impact the broader economy is through energy prices,” Zandi said. “We will have to see how much damaged occurred to production in the Gulf and how long that production will stay off line.” Brian Bethune, an economist at Boston College, also said a brief spike of up to 20 cents per gallon for gas was likely but cautioned that the price increase could be more severe, depending on how long the production shutdowns last and whether various regions have alternative supplies.
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Hurricane Ida live updates: Ida may be 1 mph short of being Category 5 hurricaneHURRICANE IDA LATEST: Ida's northern eyewall is now approaching southeast Louisiana. -40 Miles SSE of Grand Isle, LA, moving NW at 14 MPH -Extreme Wind Warning remains in effect for parts of southeast Louisiana -Remaining residents advised to take cover HURRICANE IDA LATEST: Ida's northern eyewall is now approaching southeast Louisiana. -40 Miles SSE of Grand Isle, LA, moving NW at 14 MPH -Extreme Wind Warning remains in effect for parts of southeast Louisiana -Remaining residents advised to take cover. This is fantastic. Trump would never respond this fast. FEMA We now have a POTUS who won't just toss them some paper towels for a photo op.
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Hurricane Ida live updates: Ida makes landfall in LouisianaHURRICANE IDA LATEST: Residents who did not evacuate storm-affected regions of Louisiana are being instructed to shelter in place, as conditions are now too perilous for first responders to save them. Can you imagine a child telling their parents, 'I'm going to fly a big plane into hurricanes for a living.' Let’s pray for Louisiana … Lord keep everyone safe only you can’t stop the waters and the winds have mercy on us .. forgive our sins we are praying for you mercy thank you Jesus for your blessings your love is power and faith is hope.. in the name of Jesus Christ amen Serious question. Can someone explain (non-technical) how it is even possible to fly in winds of 150 mph?
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Hurricane Ida live updates: Ida makes landfall in Louisiana as powerful Category 4LATEST: Hurricane Ida remains an extremely dangerous Category 4 storm. -Maximum sustained winds of 130 MPH -Center about 45 miles SW of New Orleans, LA, moving NW at 10 MPH -More than 440,000 people are without power HURRICANE IDA: National Hurricane Centre (NHC) 🌀 Latest warnings, forecasts & maps:
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Hurricane Ida strengthens into a major hurricane with maximum sustained winds of 115 mph, forecasters sayNEW: Hurricane Ida strengthens into a major category 3 hurricane with maximum sustained winds of 115 mph. It is a Cat 4 now. Make that cat 4 Meanwhile, Hurricane Joe is tearing up the Middle East. Those who want to leave can leave, I guess?
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How does Hurricane Ida compare to Hurricane Katrina?“Katrina was much bigger, but both of them are destructive hurricanes that are going to go down in history, unfortunately,” NBCNews meteorologist Kathryn Prociv says. The destruction from Katrina was caused the the army corp of engineers, and their poor levee construction methods. That was proven many years ago. notnumberone The permanent monstrous HurricaneYid, not the passing mild HurricaneIda, has been killing more and more people, peace, prosperity, progress and pride for the Last1000Years and will kill all humanity in the Next100Years if not stopped by all humanity. Ida GetRidOfTheYid ❤ America 🇺🇸
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Ida: Economists foresee only modest damage to US economyHurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast, but the impact on the overall U.S. economy should be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged, economists suggested Sunday. Mark Zandi, chief economist at Moody’s Analytics, said the disruptions caused by Ida will likely lead him to downgrade his forecast for annual U.S. economic growth in the current July-September quarter by a few tenths of a percentage point. Zandi said he expects the nation’s gross domestic product — its total output of goods and services — to grow at a 6.5% annual rate in the second half of this year, matching the average growth of the first six months. I'm more concerned about the human toll Is it weird that ida hit Louisiana on Katrina’s 16th anniversary? I would have thought Louisiana learned a lesson back then and prepared better.
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