The issue of hurricane Sandy is indeed, at the front page of almost all the newspapers in United States of America. In its edition of Tuesday October 30, the newspaper “USA Today Money” has revealed that Hurricane losses could reach $20B.
According to the newspaper which also quoted Peter Morici, an economist
professor at the University of Maryland’s Smith School of Business, Sandy will result in $35 to $45 billion in total losses. “Eqecat, which does catastrophic risk models, projects $10 billion to $20 billion in total economic damages, about half insured”, has disclosed Peter Morici.
It is mentioned that property damage will be repaired, and lost economic output will largely be offset by other increased activity as residents rushed into stores to prepare for the hurricane.
Actually, Sandy is affecting activities. Travelers are on stand-by since flights have been cancelled. According to The Global Business Travel Association, the cost of lost travel co
uld exceed $600 million. Joe bates argued that, that is on the conservative side.
Sylvio Combey at Hartsfield-Jackson Atlanta International Airport
With the support of the US Embassy Lomé and US Foreign Press center