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Off-the-charts weather may be net bad for economy

Posted By kurtnimmoadmin On February 5, 2014 @ 1:42 pm In Economic Crisis,Old Infowars Posts Style | Comments Disabled

Patti Domm
cnbc.com
February 5, 2014

Unrelenting harsh winter weather is likely to show up as a slight drag on economic growth in the first quarter, even if there is a spring rebound.

The number and intensity of winter storms have stalled pockets of economic activity across the country, with another system dumping freezing rain on top of snow along the East Coast on Wednesday.

Ice paralyzed Atlanta late last month, bitter cold shut Chicago schools and snowstorms in the East halted travel. Add drought conditions in the West, and economists are attempting to determine how much they should deduct from first-quarter growth simply because of the weather.

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