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Disaster events have lasting impacts on people, communities, and socioeconomic development. Countries in the Pacific are among the most exposed, globally, to natural disasters, including floods, droughts, cyclones, and earthquakes. The effects of climate change threaten to increase the severity and frequency of hazard events in the Pacific region, emphasizing the need for Pacific island countries to protect themselves against corresponding social and economic consequences.
This study maps out the major weaknesses of each fragile situation on the latest country performance assessment exercises and identifies overall common issues that need special attention.
This issue of the Pacific Economic Monitor updates the 2015 and 2016 GDP growth and inflation projections for ADB's Pacific developing member countries. The policy briefs included in this issue focus on disasters in the Pacific.
Highlights from this issue of the Pacific Economic Monitor include the following:
Major Report Details Potential Costs of Climate Change in the Pacific - ADB
SYDNEY, AUSTRALIA – The economic loss suffered by the Pacific region could range from 2.9% to as high as 12.7% of annual GDP by 2100, according to a new study from the Asian Development Bank (ADB).
An ADB study details the potential costs of climate change in the Pacific – including modeling of future climate over the region, assessments of impacts on natural resources, tourism, and human health, and economic repercussions under various emission scenarios.