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The report outlines that these disasters cost Asia upwards of US $1.4 trillion in economic losses. Between 19, almost half of all worldwide reported natural disaster-related deaths came from this continent, with the all-too-familiar cyclone being the leading cause of reported deaths. Asia In CrosshairsĪsia, it turns out, suffered among the worst. Additionally, no disasters were reported with economic losses more than 3.5%. In contrast, for richer countries, economic losses were equivalent to less than 0.1% of their respective GDPs in more than four-fifths of these disasters. About 90% of the tragic deaths were reported from developing countries, choking out disproportionately high costs compared to their economies.įor example, about one-fifth of the disasters in Small Island Developing States squeezed out losses equivalent to 5% of their respective Gross Domestic Products (GDP).
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What's predictably worse, perhaps, is that an astronomical portion of these natural disasters attacked the underprivileged. And now, the World Meteorological Organisation's (WMO) latest report has revealed the stark reality of just how steep the jump is.Īccording to the international organisation, 11,778 extreme weather-, climate- and water-related disasters between 19 resulted in over 2 million worldwide deaths and dished out $4.3 trillion in economic losses. While improved early warning systems have been effective in reducing the number of human fatalities after such disasters, the economic losses just continue to skyrocket decade after decade. Mocha was the strongest cyclone to strike Bangladesh in over a decade, causing a total of Rs 8.8 crores in damages - a hauntingly impressive amount for a storm that lasted less than a week. Despite being the first storm of the North Indian Ocean’s infamous pre-monsoon cyclone season 2023, Cyclone Mocha served as an excruciatingly effective reminder that we are simply nothing compared to nature's wrath.
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