Compensation Solutions Blog
Human Resources Outsourcing (HRO – PEO – ASO – Payroll – Agency)

BofA Merrill Lynch Global Research – A US Economics Report – Tuesday, 30 October 2012

The economic impact of Sandy

As the winds die down, here is our early take on the impact of Hurricane Sandy on the economy. The bottom-line: it is a big hit to wealth, but once the various offsetting effects are taken into account, it will likely have a very small impact on economic growth. Obviously, we believe economic statistics in no way capture the human dimensions of the storm in terms of lives lost and disrupted.

 

 

Read the full report here.