Goldman Sachs: $30 billion in Harvey destruction and refinery disruptions will hurt GDP

Goldman Sachs sees "property damages in the range of $30 billion" from Harvey in Texas, and a reduction in overall U.S. economic growth due to storm-related energy disruptions. "We estimate that disruptions in the energy sector could directly reduce Q3 GDP growth by as much as 0.2pp ," Goldman sa...

Goldman Sachs: $30 billion in Harvey destruction and refinery disruptions will hurt GDP