The US Economy at the Q3 of 2017 to Grow Higher than Expectation

Within the third quarter of 2017, some areas in the US were sequentially hit by two hurricanes, i.e. Harvey and Irma. The hurricanes undermined hundred of thousand residences in Texas and Florida. The estimation of economic gross losses in Texas and Florida could reach $ 111 billion and $ 52 billion, respectively. The impact of the hurricanes was predicted to slow the US economic growth in Q3 of 2017.