Asia-Pacific economies have paid a heavy price for the uncertainty in economic and fiscal policies in the euro zone and the United States over the past five years. The Survey estimates this has involved a 3 per cent loss in Asia-Pacific GDP, equivalent to an output loss of $870 billion.
One of the world's most natural disaster-prone nations, Bangladesh has to live with recurring floods and cyclones which have claimed hundreds of thousands of lives over the past four decades. A high government priority, disaster preparedness is also good economics. Studies show that for every $1 invested in storm, cyclone and flood warning prediction systems in Bangladesh, the estimated return is between $8 and $500 for a 10-year period. The investments made so far have contributed to the saving of thousands of lives, and the Government is stepping up its efforts.