Posted by Nicole Danielle on Nov 28, 2013
Typhoon Haiyan made landfall in the Philippines, the country's crisis is far from over, with perhaps thousands of dead still be counted,the people are displaced and need basic services, including access to food.
Typhoon Haiyan has caused a large death toll , but its economics impact appears likely to be limited compared to previous natural disasters in the Philippines . There’s almost 4 000 confirmed dead from Typhoon Haiyan. So far, The Typhoon has inflicted $ 350 million . The central islands impacted most by Typhoon Haiyan produce coconut , rice and sugarcane . Only oil derived from coconuts is a large export sector, reducing the likely financial losses. The central region account for 12% of the nation’s gross domestic product. But within this area, the damage has been uneven, hitting largely farming areas and sparing manufacturing facilities in large cities like Cebu. After the typhoon, the government said, ” Expect the Economy to grow at below 5.9% on-year in the final 3 months of 2013, a pace of growth that implies no change from the third quarter.”
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