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Economic Impact of Hurricane Season 2017 | Nearing the End
Economic Impact of Hurricane Season 2017 | Nearing the End
 
                As this year’s hurricane season comes to an end, numbers can justify just how much the season effected us- as a nation, state, local community, and local real estate. After some extensive research, here is what the Property by Ford team found to be true:
 
Effects across the Nation and State:
                Despite the recent national disasters, the United States of America seems to be “marching right along,” according to NationalInterest.org. Economists claimed that the effects of both Hurricanes Harvey and Irma would derail the national economy- yet data shows that is “simply untrue.”
                Though the hurricane destruction slows growth in some economies for a brief amount of time, data shows that the time thereafter will experience a rapid acceleration and increase in growth in the economy. It is expected to be conducive, rather than hindering to the economy as many economists claimed prior to the hurricane.
                “Florida's economy is about half the size of Texas' — but its range of industries, including tourism, ports, business services and health care, magnifies the impact from Irma,” according to a report from CNBC.com.
Unemployment rates in both Texas and Florida were following near or below the ... more

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