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Nature of risk
- Source: Our Planet, Volume 2017, Issue 2, May 2018, p. 18 - 19
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- 15 May 2018
Abstract
Conditions are conducive to human life in most inhabited areas much of the time, but nature can strike at almost any moment. When severe natural catastrophes hit densely populated and economically developed areas, these rare events bring large economic costs. They can also hurt a sovereign credit rating, a reflection of a national government’s ability and willingness to honor its financial obligations on time and in full.
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