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But rebuilding in the wake of Matthew could be particularly challenging because contractors are grappling with a severe shortage of construction workers, Zandi says.
And South Florida’s tourism industry already has been beset by a decline in visitors from its top three international sources — Canada, Brazil and the United Kingdom — because of struggling economies and falling currencies in those regions that make trips to the U. more expensive, says Sean Snaith economics professor at the University of Central Florida.
Chuck Watson, a disaster modeler with Enki Research, offered a more conservative appraisal, projecting about billion in storm damage.Concerns about the Zika virus in the Miami area have added to the woes.The hurricane is “another blow to a section (of the country) that’s been dealing with a fair share, Snaith says. Abandoned cars sit in flood waters on Atlantic Avenue near Crabtree Creek in Raleigh, N.President Obama speaks after getting a briefing on Hurricane Matthew during a visit to FEMA headquarters in Washington on Oct. This Florida Keys photo shows Royal Bahamas Defense Force vessels as they take refuge from Hurricane Matthew on Oct. Both cruise ships were scheduled to be in the Bahamas, but were diverted to Key West because of the storm.
Shaun Dibble, a Vero Beach lifeguard, looks out over Humiston Beach as double red flags are flying and lifeguards are keeping people out of the water because of rough surf prior to Hurricane Matthew.
About two dozen cars are stranded in deep water on Effingham Street in Portsmouth, Va., just south of tech 264 overpass after heavy rains and high tides from the remnants of Hurricane Matthew on Oct.