A Special Message
On August 29, 2005, Hurricane Katrina cut a swath of destruction through Louisiana, Mississippi, and Alabama. The toll of this natural disaster, the largest in U.S. history, is still being counted: the loss of life, the displacement of entire cities and communities, and the destruction of homes, businesses, and infrastructure. Our thoughts are with all those who continue to suffer from this tragedy.
At this time, it is too early to attempt a meaningful analysis of the economic implications of the storm’s devastation. In our 2006 outlook in the fourth quarter issue of EconSouth, we will include a special focus on Hurricane Katrina’s short- and longer-term impact on the Southeastern and national economies.