What natural disasters cost the global economy in 2020 ...Middle East

Quartz - Economy
What natural disasters cost the global economy in 2020
source : Quartz ( Middle East ) () 6
Covid-19 is clearly the crisis that defined 2020, but millions of people were forced to grapple with natural disasters alongside the pandemic. A Biblical deluge of record-breaking Atlantic hurricanes, devastating wildfires, floods, and even locust storms added up to one of the world’s most damaging and expensive years of natural disasters in the last half-century.According to a Dec. 15 analysis by the reinsurance giant Swiss Re, global economic losses from natural disasters amounted to $175 billion this year. Of that, $76 billion were insured, the fifth-highest total since 1970. With some notable spikes in 2005 (Hurricane Katrina) and 2017 (Harvey, Irma, and Maria), average annual insured lo

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