Weather-Related Disasters Pose a Growing Threat to US Economic Prowess on Nostr: The Devastating Impact of Natural Disasters on the US Economy and Financial Markets ...
The Devastating Impact of Natural Disasters on the US Economy and Financial Markets
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#c5e4196b ver:0.2
Severe weather-related disasters have had a devastating impact on the US economy, resulting in a loss of nearly 0.4% of GDP ($97 billion). Rising global temperatures have increased the frequency and severity of these disasters, leading to skyrocketing insurance costs and worsening housing crises. The economic damage caused by climate change could reduce the global economy by 19% over the next 25 years, with South Asia and Africa being hit the hardest. Climate change could eventually reduce the value of the global economy by almost one-third. The economic losses from temperature rise due to global warming will be far worse than previously calculated, potentially making people 50% poorer by the end of the century. The global economic damage caused by climate change is six times greater than previously estimated, with a present-value welfare loss of 31% by 2100. Urgent action is needed to mitigate climate change and its economic consequences. Natural disasters have enduring negative impacts on the US economy and financial markets, affecting various sectors and highlighting the need for immediate action against climate change. #ClimateChange #EconomicImpact #NaturalDisasters #Adaptation #Mitigation...
#newstr #ClimateChange #NaturalDisasters #UsEconomy #FinancialMarkets #EconomicResilience
https://here.news/story/c5e4196b?ver=0.2
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#c5e4196b ver:0.2
Severe weather-related disasters have had a devastating impact on the US economy, resulting in a loss of nearly 0.4% of GDP ($97 billion). Rising global temperatures have increased the frequency and severity of these disasters, leading to skyrocketing insurance costs and worsening housing crises. The economic damage caused by climate change could reduce the global economy by 19% over the next 25 years, with South Asia and Africa being hit the hardest. Climate change could eventually reduce the value of the global economy by almost one-third. The economic losses from temperature rise due to global warming will be far worse than previously calculated, potentially making people 50% poorer by the end of the century. The global economic damage caused by climate change is six times greater than previously estimated, with a present-value welfare loss of 31% by 2100. Urgent action is needed to mitigate climate change and its economic consequences. Natural disasters have enduring negative impacts on the US economy and financial markets, affecting various sectors and highlighting the need for immediate action against climate change. #ClimateChange #EconomicImpact #NaturalDisasters #Adaptation #Mitigation...
#newstr #ClimateChange #NaturalDisasters #UsEconomy #FinancialMarkets #EconomicResilience
https://here.news/story/c5e4196b?ver=0.2