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Katrina's damage will be felt across the global economy in ways that will set back growth well into 2006. The article also mentions several countries whose economy was slowed down due to Katrina. In the United States oil prices spiked and is unlikely to return to the levels of 2004.
As mentioned in the article, the effects that this hurricane has caused are world wide. Germany's and Switzerland's gasoline prices hit a record high. The article also states that surging oil prices have also sparked an economic crisis in Indonesia. According to the article, Chinese economy has also suffered, even though its economy is growing at a rate of 9...
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