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What are the economic effects of flooding in Bangladesh?

What are the economic effects of flooding in Bangladesh?

Historical data shows that, since 1970, the scale, intensity and duration of floods have increased in Bangladesh and Nepal, causing grave human suffering; disruptions in normal life and activity, damages of infrastructure, crops and agricultural land with severe impacts on the economy.

What were the effects of the Bangladesh flood in 2007?

Bangladesh is a developing country in Asia and it is frequently affected by flooding. For example, in 2007 flooding made 9 million people homeless and approximately 1,000 people died from drowning and from waterborne diseases .

What are the economic impact of floods?

In addition to damage costs, flooding results in lost productivity, reduced hours worked and losses in GDP due to the need for resources to be put towards recovery efforts and away from daily activities.

What were the economic impacts of the Somerset floods?

There were considerable economic costs associated with the floods. Fuel used to power emergency pumps cost £200 000 per week. An estimated £1 million was lost by local businesses. The Somerset floods cost the county’s tourism industry an estimated £200 million.

How did the Bangladesh floods affect the economy?

It traces direct damages and corresponding change in consumer spending and public/private investment during Floods of 2004 and 2007, and estimates the interaction of various economic sectors for six regions of Bangladesh.

How are people coping with flooding in Bangladesh?

Yearly flooding during monsoon season and other forms of inclement weather have forced the people of Bangladesh to adjust their lifestyle in order to prepare for the worst. One thing that people are doing to avoid the effects of the flooding is building elevated houses and roads.

How many people died in the 1988 Bangladesh flood?

It was similar to the catastrophic flood of 1988, in terms of the extent of the flooding. A combination of heavy rainfall within and outside the country and synchronisation of peak flows of the major rivers contributed to the flood. 30 million people were made homeless and the death toll reached over a thousand.

When did the rain in Bangladesh start in 2007?

Bangladesh’s annual monsoon started with unusually heavy rain, intensified by a storm from the Bay of Bengal on June 9-10, 2007. By June 11, more than one-third of the southeastern coastal city of Chittagong was under water, reported the Australian Broadcasting Corporation.