Saturday 18 May 2013

INQUIRER.net: Global disasters cost P2.5T in last decade, topping UN estimates

INQUIRER.net
Philippine News for Filipinos
Global disasters cost P2.5T in last decade, topping UN estimates
May 18th 2013, 23:45

Economic losses from disasters worldwide have gotten "out of control," totalling $2.5 trillion in the past decade, which is more than 50 percent over previous United Nations (UN) estimates, according to UN Secretary General Ban Ki-moon's special representative for disaster risk reduction. In a statement, a copy of which was furnished the Inquirer, Margareta Wahlstrom reported that "a review of new data by the UN Office for Disaster Risk Reduction indicates that direct economic losses from disasters so far this century are 50 percent higher than previous estimates." "They are in the range of $2.5 trillion," said the Geneva-based UN official, citing the UN's Third...

Keep on reading: Global disasters cost P2.5T in last decade, topping UN estimates

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