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Economic Cost of Weather May Total $485 Billion in U.S.

By Guest PostJune 25, 2011Environmentaverage precipitation, changes in the weather, cooler than average days, drought, economic impact, economic model, Economy, geographic pattern, hurricanes, impacts of climate change, jeff lazo, national center for atmospheric research, national oceanic and atmospheric administration, national science foundation, ncar, new york, noaa, nsf, precipitation, rain, sarah ruth, stratford, summer thunderstorms, temperature, tennessee, texas, tornado outbreaks, tornadoes, u.s economy, united states, variations in temperature, weather events, weather sensitivity, weather variations

*Routine weather events can add up to huge annual economic impact*

Everything has its price, even the weather.

New research indicates that routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as $485 billon in the United States.

The study, led by scientists at the National Center for Atmospheric Research (NCAR), found that finance, manufacturing, agriculture and every other sector of the economy is sensitive to changes in the weather. The impacts can be felt in every state. (more…)

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Economic Cost of Weather May Total $485 Billion in U.S.