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Natural disasters cause $60 billion in economic losses: U.N.

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The United Nations Economic and Social Commission for Asia and the Pacific has said in a report that natural disasters in the region resulted in economic loss worth $60 billion and affected 80 million people in 2014, Inter Press Service‎ reports.

The region experienced 119 disaster events last year. Floods were the most damaging natural events that cost the region $27 billion. Droughts in the region resulted in damage worth $18 million during the period.

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