The Effects of Natural Disasters to the Economy

BBI2424 ACADEMIC WRITING

WRITING PORTFOLIO TASK 2

FORM T2

PARAGRAPH OUTLINE

Topic:

The effects of natural disasters to the economy.

Thesis Statement:

There are three effects of the natural disasters to the economy which are infrastructure destruction, business disruption and the commodity effect and scarcity.

Paragraph

     Topic Sentence:

    Natural disasters affects the economy of the country  due to the destruction of infrastructure.

         Supporting Sentence 1:

1.  Hurricane Katrina , for example had caused $81 billion in property damaged, but it is estimated that the total economic impact may exceed $150 billion, earning the tittle of costliest hurricane ever in US history.

                     Specific details:

[pic 1]

           Method: Paraphrase / Summary

Bernard Weinstein a profession from University of North Texas states that by including the damage, impact for the disrupted gas production and national economic growth the loss suffered by the country reached hundred billions. Such an example, the Gross Domestic Product (GDP) growth fell to 1.3% from 3.8% when Katrina hit in August that effect the GDP measured on December where the production losses were felt (Kimberly Amadeo, 2014).

Reference: Kimberly Amadeo, (2014). How Much Did Hurricane Katrina Damage theU.S. Economy?. Retrieved from http://useconomy.about.com/od/grossdomesticproduct/f/katrina_damage.html

         Supporting Sentence 2:

2.   These damages caused hundreds of total residents left unemployed.

                     Specific details:

                       [pic 2]

  Method: Paraphrase / Summary

Without a place to returned to, mostly residents were left for other cities such as New Orleans which brings down thousands of jobs to disappeared. Richardson in his study conclude that the jobs loss  in New Orleans down about 190,000 and employment rate fell for more than 30% in the fourth quarter of the year 2005 (Charles Herman, 2006)