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Hurricane Milton could go down in US history as one of the costliest: It could surpass Katrina's damage

2024-10-11 20:11:58Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Hurricane Milton could go down in US history as one of the costliest: It could
Aftermath of Hurricane Milton

Hurricane "Milton" may go down as one of the costliest in American history. Experts are of the opinion that its consequences can significantly damage the US economy.

Hurricane Milton leaves behind a huge trail of destruction, in addition to the danger to life. Experts in the US expect tremendous damage, but also economic consequences. According to the analysts of the "Morningstar DBRS" agency, the insurance branch could face damages from 60 to 100 billion dollars.

"Milton" can thus exceed the damages of hurricane "Katrina", so far the most expensive in the USA. In 2005, this hurricane hit New Orleans hard and caused damages worth 99.8 billion dollars, the total damages even reached the figure of 201 billion dollars. The calculation comes from Munich Re, one of the world's largest insurers.

Hurricane "Milton" is not only expected to cause great economic damage, but also the effects on the total economic volume of the USA could be great. About 28% of the total gross production can be directly affected by "Milton", said Ryan Sweet, chief economist of Oxford Economics in the USA. Gregory Daco, chief economist at the consulting center, EY, calculates that "Milton" could significantly reduce the growth of the general economic output in the US in the fourth quarter from 0.2 to 0.4%. "

Milton is gone, but fake news remains

The government in Washington is concerned about fake news circulating on social media about the disaster relief agency, FEMA. Such as allegedly demanding that people not be evicted because FEMA will confiscate their homes and land. Former President Trump promotes this fake news. He said in an election speech in Detroit, that after "Helene" and "Milton" the Republican governors in Florida, Georgia, North Carolina "are doing a great job", but not the federal government with President Biden and Kamal Harris.

President Biden said at a press conference at the White House that anyone who spreads such lies undermines people's confidence in rescue and relief operations. When asked by a reporter if he had personally spoken to Trump about it, Biden exploded. "Are you kidding?" Biden asked, then said, "Mr. Trump, former President Trump, don't you have anything better to do, man? Help these people!”


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