Storm Harvey could cost billions.
It’s predicted to become one of the costliest natural disasters in US history. Storm Harvey has left a trail of destruction in its wake and as the floods rise, damage estimates have soared as high as 160 billion euros, taking into account the projected economic impact.
Brock Long, administrator of the Federal Emergency Management Agency, said:
“It takes a lot of time to understand the true cost of this disaster, but it’s going to be a huge one.”
Experts anticipate as many as a million people could miss out on work in September as a result of the disaster.
Some towns may be uninhabitable for weeks or months to come.