Thanks to the Chilean earthquake and landslides and floods in China, the economy took a $109 billion hit last year—three times more than in 2009, the United Nations reported today.
Data compiled by the Centre for Research on the Epidemiology of Disasters (CRED), an organization that, in partnership with the World Health Organization, focuses on the fields of international disaster and conflict health studies, with research and training activities linking relief, rehabilitation and development, confirmed that the 8.8-magnitude earthquake that struck Chile in February of 2010 cost $30 billion. Landslides and floods last summer in China caused $18 billion in losses, notes CRED.
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