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The Economic Impact of Natural Disasters

Nov. 14, 2017 | St. Louis

Natural disasters such as Hurricanes Harvey, Irma and Maria have a devastating impact on the lives of affected citizens. But how do they affect the economy?

Business economist and research officer Kevin Kliesen addressed that question. He took a look at the economic disruption from recent hurricanes, the economic losses from the largest natural disasters since 1970 and the economic effects of recovery and rebuilding.

Julie Stackhouse introduced business economist Kevin Kliesen and gave some background on Hurricanes Harvey, Irma and Maria, which struck Texas, Florida and Puerto Rico in August and September 2017. Stackhouse is executive vice president and managing officer of departments including Supervision and Community Development. Kliesen is a research officer.

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