Too early to Predict size and impact of Hurricane Katrina on the U.S. economy in the country. But we should pay attention to the experts about this.
In the short term economic activity will change in areas other than New Orleans. For example, a conference will be moved from the area of ??New Orleans to Washington DC. This activity will be beneficial to other areas as well as economic activities.
Besides a slightly higher oil prices due to damage caused by the slowing economy Katrina. So This oil is also much needed in the manufacturing industry they still use them but those people will be lazy to travel far. Thus have a beneficial impact for those who are close as Canada. Continue reading