The Economic Impact of Natural Disasters: Kevin Kliesen's Presentation
Business economist and research officer Kevin Kliesen gave an overview of natural disasters in 2017 and historically. Their economic effects range from gas price and employment rate changes to increased demand for labor and products like cement when recoveries get under way. The larger economy will recover fairly quickly, but economic effects from the disasters will persist much longer at the local level, he said.
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Get notified about upcoming events and videos. This popular lecture series, open to the public, addresses key issues of the day. It also provides the opportunity to ask questions of Fed experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
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