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Natural disasters push 26m into poverty each year, says World Bank. ... Building resilience to disasters not only makes economic sense, it is a moral imperative.” The report cited evidence from the impact of Tropical Storm Agatha in 2010, which led to consumption per head falling by 5.5% and increased poverty by 14%.
Poverty rates climb by “one percentage point in areas hit by super-severe disasters,” one recent study found. “That suggests that people who aren't poor are migrating out or that people who are poor are migrating in.” For many of those staying, life gets harder, with fewer jobs and increased expenses
