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“Michael” caused over $16 billion worth of damage

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“Michael” caused over $16 billion worth of damage
October 10
13:00 2018

According to a reputable agency Bloomberg, the hurricane approaching the States from the Gulf of Mexico could be the most powerful in 14 years. According to preliminary estimates, it can caused damage of about 16 billion US dollars.

The hurricane has already reached category 4, although initially it had category 1. Its speed now reaches 65 meters per second. Because of the terrible furry of nature, the extraction of oil and natural gas has significantly decreased.

For Florida it will be the strongest hurricane in a very long time. Experts say that strong gusts and downpours should be expected along the northeast coast of the bay.

Security and mitigation measures have already been taken. The governor said that the state was ready to withstand the force of nature. The authorities recommended more than 400 thousand people to leave their homes. About 30 temporary accommodation centers have already been created.


The material was prepared with the participation of Anjela Chromova,
a leading analyst of the brokerage company CT Trade

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