Hurricanes Didn't Stop Economy From GrowingOne would expect, now that the shock from Hurricanes Katrina and Wendy have been absorbed, and reconstruction has begun in earnest, that the economy is going to be even stronger in the next four quarters.
By Nell Henderson, Washington Post Staff Writer
The U.S. economy grew briskly in the third quarter, despite the damage inflicted by hurricanes Katrina and Rita on the Gulf Coast and the bite of high energy prices on household budgets, the government reported yesterday.
Consumer spending quickened, businesses invested more and the government poured money into hurricane relief, causing the economy to expand at a 3.8 percent annual rate in the third quarter, the Commerce Department reported. (link)
Not that you'll know it if you listen to the whiners in the media.