Katrina's Economic Impact

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Katrina’s Economic Impact: New Orleans, USA (August, 2005)
Hurricane Katrina was the one of natural disasters that did the most damage in U.S history. The Katrina’s strongest winds are blowing at about 175 miles an hour. The center of the storm is about 225 miles an hour. It cause immediate and significant damage both the region’s economy and country’s economy.

The actual cost of Katrina’s damage was between $96-125$ billion. Half of the damages resulting from flood in New Orleans. From the study of Profession Bernard Weinstein University of North Texas identified the total economic losses from Katrina to be as high as $250 billion. He takes into account not only the damage, but also the impact of gas production and general effect on national

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