Cold Weather Cooling U.S. , European Economies
But could it discourage economic activity? It certainly will. When snow and cold gets as bad as now, not only shopping but almost all economic activities performed outdoors or requiring travel will be disrupted. If (as seems likely) the snowing ends before Christmas Eve and if snow removers do their job, the damage to retailers will be limited, but not eliminated. And for many other economic activities, the disruption will not be recouped. So while utilities and snow removers may boom, the overall economy will suffer because of the unusually cold and snowy weather. It remains to be seen however just how big and lasting this negative effect will be.