Americas: Economic overview
Devastation caused by major hurricanes during the 2017 Atlantic hurricane season, which runs from June to November, will limit growth prospects for several countries in the region.
The Atlantic hurricane season is proving to be more active than normal, which will hit the LNG trade in the Americas. The United States and countries in the Caribbean have been battered by major hurricanes – Harvey, Irma and Maria. Meanwhile, Hurricane Katia has caused havoc on the Atlantic coast of Mexico and Hurricane Jose has made its presence felt not far from Caribbean islands devastated by Irma and Maria. While short-term disruptions in waterborne trade are likely as a result, damage to onshore infrastructure could be long-term.