Harvey, Irma Damage Reaches Nearly $300 Billion

Preliminary data on the total cost of damage caused by Hurricanes Harvey and Irma is finally coming in, and analysts are projecting hundreds of billions in losses thanks to the damage caused by both weather events. The latest economic impact prediction by AccuWeather for both storms pegs the total damage at around $290 billion. Experts claim that the economic effect of Harvey alone — in the running as one of the costliest storms in US history — is expected to take a huge hit on the country’s economic growth in the third quarter.