(Reuters) – Grenadian Prime Minister Dickon Mitchell stated on Tuesday that early estimates counsel that losses from lethal Hurricane Beryl, which hit the Caribbean earlier this month, probably complete as a lot as a 3rd of financial output.
The small Caribbean island nation had a gross home product (GDP) of about $1.3 billion final 12 months, in keeping with World Financial institution knowledge. In 2004, Hurricane Ivan prompted Grenada to undergo losses that doubled its GDP.
Mitchell cautioned that the estimate was nonetheless preliminary, and that moreover devastating properties and farms, Beryl had wrought destruction on electrical energy grids, mangrove forests, water infrastructure and the fishing sector.
