Hurricane Sandy To Cost Billions. Will The Economy Stand?”

Hurricane Sandy will cost Granite Staters in:

- Cancelled flights;

- Closed shops;

- Insurance coverage for property damage.

Yet, economists say, devastating weather often comes with a consequent economic boom, as damage reconstruction creates jobs, if only temporarily.

Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from Hurricane Sandy will likely be limited. Economists estimate the damage will cost between $10 billion and $20 billion. By Christopher S. Rugaber and Martin Crutsinger, AP Economics writers / October 29, 2012

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