The Palisades Fire burns a structure in the Pacific Palisades neighborhood of Los Angeles.
AP Photo/Etienne Laurent
- Los Angeles wildfires have burned 40,000 acres, killing 24 and destroying 12,000 structures.
- Goldman Sachs estimates the fires as one of the 20 costliest US natural disasters.
- The firm took stock of the impact the fires will have on US GDP and the labor market.
The devastating wildfires across Los Angeles are sparking concerns about the potential impact on the broader economy.
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