Major natural disasters can and do have severe negative short-run economic impacts. Disasters also appear to have adverse longer-term consequences for economic growth, development and poverty reduction.
A full reassessment of the economic and financial impact of a major disaster should be made 18 to 24 months after the event.
A full reassessment of the economic and financial impact of a major disaster should be made 18 to 24 months after the event.
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