Does the economy suffer from the harsh winter?
Over the past week snow has fallen many inches and the temperatures barely above 10 degrees have left many people in the midwest cooped up inside their homes. In the winter months ahead, many retail stores and restaurants will feel the brunt of the harsh weather. The economy will suffer the most, as families stay indoors and are not out spending money.
There has been a lot of comments from analysts about the weather that is causing the most problems towards the economy and businesses. The poor and harsh weather affected the shipments being able to take goods in and out of businesses. Also, coal products and petroleum which is a liquid mixture to produce fuel like gasoline, kerosene, and diesel oil shipments are being delayed or even canceled. In CNBC news Steve Liesman said, “ Especially autos and housing, people don’t go out and shop for cars or homes in sub zero temperatures, not to mention tens of thousands of canceled flights” (Scholer).
While the snow keeps piling up and the temperatures keep going down the people in midwest remain to stay indoors. As the economy suffers from the harsh weather, retail store shelves are full and restaurants remain empty. Should people still go out, even though driving conditions are bad to keep the economy going?
Over the past week snow has fallen many inches and the temperatures barely above 10 degrees have left many people in the midwest cooped up inside their homes. In the winter months ahead, many retail stores and restaurants will feel the brunt of the harsh weather. The economy will suffer the most, as families stay indoors and are not out spending money.
There has been a lot of comments from analysts about the weather that is causing the most problems towards the economy and businesses. The poor and harsh weather affected the shipments being able to take goods in and out of businesses. Also, coal products and petroleum which is a liquid mixture to produce fuel like gasoline, kerosene, and diesel oil shipments are being delayed or even canceled. In CNBC news Steve Liesman said, “ Especially autos and housing, people don’t go out and shop for cars or homes in sub zero temperatures, not to mention tens of thousands of canceled flights” (Scholer).
While the snow keeps piling up and the temperatures keep going down the people in midwest remain to stay indoors. As the economy suffers from the harsh weather, retail store shelves are full and restaurants remain empty. Should people still go out, even though driving conditions are bad to keep the economy going?