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Harvey, Irma could ding U.S. economy for combined $290 billion

The one-two punch from Hurricanes Harvey and Irma could cost the U.S. economy up to $290 billion, according to a prediction by AccuWeather on Sunday.

Much as the unusually long period of torrential rainfall caused the most damage in Texas, the unusually long period of high winds is expected to take the greatest toll in Florida, the forecasting company said.

“The size of the storm combined with its slow movement means that hurricane-force wind gusts in some places will occur over a time period of 12 or more hours, so the damage will be compounded,” Joel Myers, AccuWeather’s founder, president and chairman, said in a statement.

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