The United States, which is the key
force in global growth might see a deceleration in growth this quarter owing to the effect of adverse weather conditions. Floods have hit Texas and Oklahoma. Household spending – would naturally be
affected. There will have to be rebuilding
. There have been losses suffered and a $1.4 trillion-a-year Texas economy
which is also location of US' main source of energy has incurred losses.
That
is a blow impacting the US assets and the dollar, temporary though.
