Economics

Goldman Sees Hurricanes Curbing U.S. Growth, Only for a Quarter

Irma's Damage Estimates Fall as Storm Weakens

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What the hurricanes taketh away, they will more than giveth back to U.S. economic growth, according to economists at Goldman Sachs Group Inc.

As Hurricane Irma touched down in Florida, the firm had already adjusted its forecasts for gross domestic product growth amid a particularly intense U.S. storm season that also saw Texas battered by Hurricane Harvey.