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Harvey may be among the world's costliest catastrophes

Its full economic impact is still unclear

Business Standard 

Friendswood  : Neighbors use their personal boats to rescue Friendswood, Texas residents stranded by flooding Sunday, Photo: AP/PTI
Friendswood: Neighbors use their personal boats to rescue Friendswood, Texas residents stranded by flooding Sunday, Photo: AP/PTI

With Harvey continuing to wreak havoc in Texas, its full is still unclear. Current estimates range from $30 billion to $100 billion, either of which would make the among the world’s most costly catastrophes since at least 1970. Chuck Watson of Enki Research on Tuesday lifted his projection for to $42 billion, up about $12 billion from Monday.
Harvey may be among the world's costliest catastrophes

First Published: Wed, August 30 2017. 00:39 IST
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