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Which natural disasters create the most economic damage?

Geoff Riley

11th December 2015

The floods in Cumbria and Lancashire have created havoc for local communities and raised fresh questions about the effectiveness of flood relief investment spending after the awful floods that hit the region in 2005. Looking at the problems created by natural disasters from a global perspective. A newly-published report from the United Nations Office for Disaster Risk Reduction (UNISDR) has revealed that storms have the greatest economic impact of any natural disaster, causing over $1 trillion of losses around the world since 1995.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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