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Irma's Wreckage to Depress U.S. Economy Further Following Harvey

  • September timing means impact may stretch into fourth quarter
  • Some of the recovery could be delayed into first half of 2018
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Irma's Path Puts Florida Oranges, Sugar in Danger

Hurricane Irma’s expected collision with Florida will probably deepen and prolong the slowdown in a U.S. economy already digesting the impact of another storm that smashed ashore in Texas two weeks ago.

The September timing of Irma threatens economic damage that will spill over into the final three months of the year, extending the volatility the U.S. was set to experience in the third quarter from Hurricane Harvey. While major weather events tend to depress growth before boosting it later, Irma could delay some of the rebound into the first half of 2018.