Wildfires in California could slow US economic growth guess Experts interviewed by Market Watch.
Cumulative damage from fires could reduce American GDP by 0.2% in the first quarter of 2025 and slow the rate of job creation, analysts at American investment bank Goldman Sachs have calculated.
Morgan Stanley bank claims that 20-40 thousand fewer quotas will be opened in the state due to the natural disaster, and this may especially affect the service sector. In addition, inflation will increase by 4 to 9 points above expectations due to the increase in new and second-hand car prices.
Natural disasters across the country are having an increasingly serious and lasting impact, said KPMG Chief Economist Diane Swonk.
Axios portal a day ago reported About two new wildfires in Southern California. The National Weather Service’s Climate Prediction Center also warns that more severe wildfires could occur in California next week.
existed before named Possible cause of fire in California.