Friday, 14 Dec 2018

Report: Maria had $ 43B impact on Puerto Rico's economy

SAN JUAN, Puerto Rico – Puerto Rico's government says Hurricane Maria had a $ 43 billion impact on the US territory's economy, $ 1 billion more than originally estimated.

The report by the Puerto Rico Planning Board takes into account millions of dollars received so far in federal hurricane recovery funds and insurance money.

The report says the capital of San Juan was among the six most affected cities in the category 4 storm hit in September 2017.

Economist Jose Caraballo said Monday that federal aid and insurance payouts so far have only covered 24 percent of the losses reported.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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