The Asia-Pacific region lost $126 million

Published by reposted only Date posted on September 14, 2018, Sept 14, 2018

The Asia-Pacific region suffered two daily casualties of $126 million each day.
The statistics were released in a report presented on September 13, at a conference in the framework of the World Economic Forum on ASEAN held in Hanoi.

In 2016, natural disasters cost 0.4% of Gross Domestic Product – GDP of the entire Asia-Pacific region. There are about 11 million 200,000 displaced persons. It is forecasted that by 2030 disaster damage to the Asia-Pacific region will reach 1% of GDP.

Many ASEAN countries are among the countries most severely affected by climate change; Especially the Philippines and Vietnam.

Rapid urbanization is also an impact when building resilience does not catch up with the pace of development.

Get Email from TUCP
Categories for Archives articles