Environment

The billion-dollar storm? Economists debate how much activity Winter Storm Fern laid waste to
Economist Jacob Fooks says most estimates suggest severe weather events can cut GDP by 0.5% to 2% annually — $150 billion to $600 billion.

Economist Jacob Fooks says most estimates suggest severe weather events can cut GDP by 0.5% to 2% annually — $150 billion to $600 billion.