11:25am

Mon March 5, 2012
Business and the Economy

Full Economic Recovery Likely After Tornado

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.