|
Economists: Natural disaster will not lead to a financial crisis
Hurricane Alex, which hit three northern Mexican states two weeks ago, will reduce the industrial output and raise inflation in the Latin American nation, economists said.
The natural disaster, however, is not going to lead to a financial crisis, because the government has a long-standing budget for natural disasters, the economists told Xinhua, the Chinese news agency, on Wednesday.
Hurricane Alex struck Tamaulipas on June 30 as a category 2 storm.
According to state government figures, the storm killed six people there and as of Tuesday, 650,000 people had been left without drinking water and 350,000 others without access to normal communication.
However, the storm dumped most of its rains on Nuevo León, where ensuing floods killed 17 people.
By last weekend, when President Felipe Calderón visited Monterrey, 140,000 people were left without food and water in that city alone.
Coahuila, on the downstream of Nuevo León, was the third worst-hit Mexican state.
The storm killed a total of 27 people across Mexico and 10 people in Nicaragua, Guatemala and El Salvador, which were in the storm's path to Mexico.
While the hurricane has long since dissipated, the water it brought onshore has been a major problem.
|
Share Link: 
