Missiles, hurricanes and other distracting headlines
Hurricane Harvey slammed into Houston dumping an unimaginable amount of water on the Texan city. Apart from the unfolding human tragedy, the hurricane is expected to have a devastating impact on the region’s economy. The Houston metropolitan area is the fourth largest in the US, and its massive economy is even larger than South Africa’s. It is at the heart of the American oil and gas industry, and almost half the refining capacity in the US is located on the Gulf Coast. The city is also a key port for exports of other commodities, such as cotton and wheat.