(reuters) – the damage caused by tropical storm harvey would have an impact on growth, but it will then return to normal, said thursday, robert kaplan, president of the dallas office of the federal reserve.
the central bank has not yet made a detailed assessment of the economic impact of harvey, he said at a conference in dallas, texas.
tropical storm triggered floods in texas history left more than 30 dead and led to the evacuation of tens of thousands of people.
“at the moment i would rather concentrate on the rescue efforts, as we are not yet at the end,” said robert kaplan. but the previous hurricane katrina and the storm sandy suggests that the impact on growth will be temporary, “he said.
“there is an initial impact, but is followed by a period of reconstruction and recovery. experience shows that we find the level of growth above.
robert kaplan, who was speaking on the subject of the training and qualifications of the workforce, stressed that the needs are very important in the construction industry after harvey.
(lisa maria garza, veronica poker, for service in french)
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Translated by forexguides.info Team