(Nexstar) – Economic experts with the Perryman Group have assessed the economic impacts of last week’s winter storm and the numbers are significant.
According to the Perryman Group, between $85.8 billion and $128.7 billion were the projected long-term losses in gross product over time and $56.8 billion to $85.1 billion in lost income.
“These amounts are in the range of (and potentially above) the losses associated with the most expensive weather events in Texas to date, Hurricanes Harvey and Ike,” the brief reads.
The storm impacted nearly every sector of the economy including supply chains, consumer spending, manufacturing, oil production, agriculture, and more.
You can read the full brief from the Perryman Group here.