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Noting estimates placing the economic damage cost in the quarter-billion-dollar range and outstripping the cost of Hurricane Katrina, Reinhart said “we think the short-term effect on national ...
The Federal government provided $11.2 billion in immediate assistance to the Government of New York City in September 2001, and $10.5 billion in early 2002 for economic development and infrastructure needs. [18] The 9/11 attacks had great impact on small businesses in Lower Manhattan, located near the World Trade Center.
(Reuters) - U.S. private forecaster AccuWeather said on Wednesday that estimated damage and economic loss from the California wildfire, already one of the worst in history, is over $50 billion at ...
This is in part due to the difficulty of measuring the financial damage in areas that lack insurance. For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher.
"This decision puts an end to specific coercive measures that, along with many others, cause serious damage to the Cuban economy, with a severe effect on the population," the country's ministry of ...
Agricultural losses accounted for an estimated 38.086 trillion VND, or 45% of total economic damages. [88] The economic damages caused by Typhoon Yagi and its subsequent flooding were the most severe ever caused by a natural disaster in Vietnam, four times greater than the average economic losses from natural disasters over the past decade.
Economic loss is a term of art [1] which refers to financial loss and damage suffered by a person which is seen only on a balance sheet and not as physical injury to person or property. There is a fundamental distinction between pure economic loss and consequential economic loss , as pure economic loss occurs independent of any physical damage ...
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages caused by climate change. It can also give guidance for the best policies for mitigation and adaptation to climate change from an economic perspective.