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Natural disasters cause nearly $224 billion economic loss in 2022

Posted On: Mar. 21, 2023 10:00 AM CST

Data from the Emergency Event Database, maintained by Belgium-based Centre for Research on the Epidemiology of Disasters, showed that an estimated 387 natural hazards and disasters caused global economic losses of around $223.8 billion in 2022, reported. Losses from floods in Nigeria amounted to $4.2 billion, while Pakistan floods caused economic damage of $15 billion and drought events in China caused a damage of around $7.6 billion.