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BusinessWorld July 2, 2021 | 12:32 am PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINES is losing an average of 1.7% of its overall economic output each year due to typhoons, according to estimates by the Asian Development Bank (ADB), which noted the country’s need to strengthen its resilience against natural disasters. In a “Disaster Resilience in Asia” report published on Thursday, the ADB said the impact of storms on the Philippine economy could hit up to 23% of gross domestic product (GDP) each year in extreme cases. Typhoons alone may have cost the economy at least $20 billion from 1990 to 2020 in GDP losses, ADB said. While many residents usually return to the typhoon-hit areas after being evacuated, the ADB said the impact of severe disasters tend to linger.

New zealandBeatricem laforgaIlan noyClimate change at victoria university of wellingtonManagement fundAsian development bankClimate changeVictoria universityLocal disaster risk reductionபுதியது ஜீலாந்துஇலன் இல்லைமேலாண்மை நிதிஆசிய வளர்ச்சி வங்கிகாலநிலை மாற்றம்விக்டோரியா பல்கலைக்கழகம்உள்ளூர் பேரழிவு ஆபத்து குறைப்பு