FLORIDA – Hurricane Irma descended on Florida this weekend, making landfall Sunday and bringing floodwaters, battering winds, and more to the Sunshine State.

According to a report by NPR, the storm has left more than 6 million residents without electricity—with 60-mile-per-hour winds heavy rains, and flash flooding passing across the state.

And while, this morning the erstwhile-hurricane was downgraded to a tropical storm, the effects off the squall will be felt for some time to come. In fact, some reports indicate that the combined economic losses attributable to Irma and Hurricane Harvey, which hit Texas late last month, could total nearly $300 billion.

“We estimated that Hurricane Harvey is to be the costliest weather disaster in U.S. history at $190 billion or one full percentage point of the GDP,” noted Dr. Joel N. Myers, AccuWeather Founder, President, and Chairman, in an AccuWeather report. “Together, AccuWeather predicts these two disasters amount to 1.5 of a percentage point of the GDP, which will about equal and therefore counter the natural growth of the economy for the period of mid-August through the end of the fourth quarter.”

Bloomberg has reported that much of this potential monetary loss could come from the agricultural sector—as the storm’s wake impacted some of the country’s largest citrus-growing areas and operations—as well as important tomato-, green bean-, cotton-, and peanut-regions.

Though the storm will continue to lose steam as it moves northward, flooding and tornados are expected to effect the Southeast in the ensuing days with storms expected to move across the eastern seaboard, weakening along the way.

AndNowUKnow will continue to report with updates as they occur.