“Pacific Investment Management Co.’s Mohamed El-Erian said the damage from superstorm Sandy probably won’t trigger a reduction in U.S. gross domestic product.
“The wealth of the country has been impacted, however, there is likely to be catch-up activity,” El-Erian, chief executive officer at Pimco, said during an interview with the Toronto-based BNN television network.
“It’s not clear at the end of the day that GDP, which measures activity, would be negative.”
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