Economic cost of Harvey and Irma could hit US$290b
But insurers are relieved that predictions about Irma's damage have been excessively dire
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Washington
THE combined economic cost of Hurricanes Harvey and Irma could reach US$290 billion, equivalent to 1.5 per cent of the US gross domestic product, US forecaster AccuWeather said in a report on Sunday.
The firm's chief executive and founder Joel Myers said: "We believe the damage estimate from Irma to be about US$100 billion, among the costliest hurricanes of all time."
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