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Snow Eastern United States

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January 11, 1996 | From Reuters
The blizzard that crippled the East Coast this week will probably affect retail sales for January and hurt the overall economy to some degree, Commerce Undersecretary Everett Ehrlich said Wednesday. But the impact could be partially offset by increased purchases of snow-removal equipment and home-related activities, he said. "I would presume that the snowstorm has a negative effect on GDP [gross domestic product] simply because it reduces economic activity," Ehrlich said.
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BUSINESS
January 11, 1996 | From Reuters
The blizzard that crippled the East Coast this week will probably affect retail sales for January and hurt the overall economy to some degree, Commerce Undersecretary Everett Ehrlich said Wednesday. But the impact could be partially offset by increased purchases of snow-removal equipment and home-related activities, he said. "I would presume that the snowstorm has a negative effect on GDP [gross domestic product] simply because it reduces economic activity," Ehrlich said.
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