Hurricane Sandy is costing billions of dollars from businesses shutting down. Economists expect the storm to have an impact on the economy enough to lower the nation’s gross domestic product, which is the broadest reading of the nation’s economic activity. Also, there will be an estimation of 40-45% of property damage figure.
It will be interesting to see how the Hurricane Sandy impacts the market in the long run as well. And to everyone up in the north, try to stay dry!
You can read more about the economic impact of Hurricane Sandy on this article!