volume 79, issue 49, P602-602 1998
DOI: 10.1029/98eo00435
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Abstract: 1998 set a new record for economic losses from weather‐related disasters, according to the Worldwatch Institute, a Washington, D.C.‐based think tank. At the end of November, global losses already had totaled at least $89 billion, an amount 48% more than the previous record loss of $60 billion during 1996. The disasters—including floods, hurricanes, droughts, and fires—also have claimed about 32,000 lives and displaced more than 300 million people, according to the group.

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