Kentuckians are just beginning the gauge the economic cost of the weekend’s disaster. A more complete picture will become apparent once damage assessments are complete. However, there are economic trends that follow a tornado. For example, economist Kevin Simmons says full recovery is likely…in fact, Simmons says some communities re-invent themselves after devastating weather. The Austin College professor says disaster relief, from both government and private sources, can temporarily improve a local economy.
Full Economic Recovery Likely After Tornado
By Charles Compton, WEKU • Mar 5, 2012