Natural disasters – Financial and fiscal effects, Policy and experience for tackling them

Studies show that in addition to losing people’s lives, the consequences are just as bad for the economy.

Natural disasters such as earthquakes, floods, massive fires etc. inflict serious damage and so seem to be bad for the economy.

Depending on the experience in different countries, the negative impact on economic indicators mostly occurs in the short run, while in the long run these effects are transient and negligible for the economy and the state budget.