Katrina May Curb Economic Growth Into 2006
a) Identification of the article:
Title: Katrina may curb economic growth into 2006
Author: Associated Press
Publisher:msnbc
Date: September 5, 2005
b) Brief summary of the article:
The article focuses on Hurricane Katrina, not only the damages that it caused in New Orleans and Mississippi, but the way it will be felt across the world. Katrina's damage will be felt across the global economy in ways that will set back growth well into 2006. The article also mentions several countries whose economy was slowed down due to Katrina. In the United States oil prices spiked and is unlikely to return to the levels of 2004.
As mentioned in the article, the effects that this hurricane has caused are world wide. Germany's and Switzerland's gasoline prices hit a record high. The article also states that surging oil prices have also sparked an economic crisis in Indonesia. According to the article, Chinese economy has also suffered, even though its economy is growing at a rate of......
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Approximate Word Count: 820
Approximate Pages: 4 (250 words per double-spaced page)
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