Hurricane Florence can destroy more than roads, homes and land according to West Virginia University economist John Deskins. Communities affected by the severe weather may expect their economies to be distressed, as well.
“Major weather events have the potential to disrupt economic activity for the longer term, especially if the event severely damages infrastructure and housing. But it is very difficult to predict an event’s economic impact since circumstances can vary so widely. Often, we find that economies bounce back rather quickly after major events, a testament to how resilient our economy is. For instance, the West Virginia counties that were impacted by major flooding in our state in 2016 mostly returned to their normal economic trajectory within one or two quarters.”
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