South Asia faces annual flood costs of $215bn by 2030
South Asia, home to 25% of the global population, could be facing annual flooding costs of up to $215bn by 2030, according to the World Resources Institute. Analysts warn that such floods will affect not only local businesses, but global firms that source products and raw materials from the region. Over 41 million people in South Asia have recently been affected by floods and displacement, with at least 1,200 deaths last month alone. Last year, Asia saw losses of $87bn, $77bn of which were uninsured, from 320 natural disasters, according to Munich Re.

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