— This is the script of CNBC’s financial news report for China’s CCTV on September 30, 2022.
According to Enki Research, the economic damage caused by Hurricane Ian could range from $60 billion to $70 billion, hitting many key local industries such as tourism, agriculture, etc.
The first thing is that damaged homes need to be repaired. According to an analysis released Monday by Core Logic, a residential property information services company, about 1 million properties on Florida’s West Coast will be damaged by the hurricane and will cost up to $258 billion to repair. And experts also caution that the cost of rebuilding could be significantly higher than market value because new flood regulations must be met, and it could cost…
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