Hurricane Katrina

Will Hurricane Katrina increase GDP?

Article answers the question "I heard some estimates on tv that the cost of rebuilding New Orleans will be over $200 billion dollars and that the harm of the economy (gas price, shock, loss of production in affected areas etc.) will be about $50 billion dollars. My question is that assuming everything else remains the same and those estimates are accurate, will the GDP actually rise by about $150 billion?"

Hurricane Katrina and the Economy

A discussion on the likely impact Hurricane Katrina will have on the economy.

Credit Performance of Non-Agency Mortgage Loans and Securities in June 2005 and Impact of Hurricane Katrina

Despite the magnitude of the damage inflicted by Hurricane Katrina, we do not expect the credit performance of prime, Alt A, or subprime loans in the 10 MSAs to worsen in the remaining months of 2005.

AGC Economist Ken Simonson Says Construction Still on Upswing

Ken Simonson, chief economist of The Associated General Contractors of America (AGC) said construction activity through July showed widespread improvement compared to the first seven months of 2004, but the devastation wrought by Hurricane Katrina will have varied impacts on construction markets for the rest of 2005 and into 2006.