Indonesia’s Indian Ocean tsunami losses equivalent to $20bn today, says Swiss Re
Reinsurance News - Nov 12, 2024
Indonesia’s economic losses from the 2004 Indian Ocean tsunami, which amounted to USD 4.5 billion at the time, would equate to approximately USD 20 billion today when adjusted for GDP growth and inflation, according to a recent Swiss Re Institute article. Authored by Chandan Banerjee, Natural Catast...
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