This will provide some offset to the drag caused by the hurricane's direct damage and flooding, which, along with the massive amounts of money being deployed in the affected area, suggest that the ultimate impact of Katrina on GDP might prove more fleeting than first thought.
The cooling U.S. housing sector should apply a dampener to consumer spending ... but some of this could be offset by still-decent job growth.
The cooling U.S. housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
The cooling US housing sector should apply a dampener to consumer spending as 2005-2006 unfolds, but some of this could be offset by still-decent job growth.
The cooling U.S. housing sector should apply a dampener to consumer spending... but some of this could be offset by still-decent job growth.