scenarios envisaging: What sort of event could do that Something, say, along the lines of the massive explosion on the sun akin to thousands of nuclear bombs exploding at the same time that happened on March 10, 1989, according to the U.S. National Aeronautics and Space Administration, according to The Japan Times. The explosion released a vast cloud of solar plasma that raced toward the earth at 1.6 million kilometers an hour. In four scenarios envisaging the economic impact of a solar storm, the mildest triggers a daily loss to the U.S. economy of 6.2 billion, or 15 percent of daily output; the worst case sees a cost of 41.5 billion, wiping out every dollar the world's largest economy generates each day. When it hit Canada, the electrically charged storm knocked out Quebec's power grid, leaving 6 million people without power for nine hours. Inland flooding inflicted the most damage, including Hurricane Matthew and August flooding in Louisiana each causing 10 billion of damage during a fourth consecutive year of above-average precipitation. The World Economic Forum's annual assessment of global risks, published last week, rates extreme weather events as the most likely risk to the world and the second-most impactful detonating weapons of mass destruction was perceived as the risk with the greatest consequences, though deemed unlikely to happen . Weather-related disasters cost the U.S. economy 46 billion last year, with 17 billion-dollar events making 2016 the second-most costly year since 1980, according to the National Centers for Environmental Information.
(news.financializer.com). As
reported in the news.
Tagged under scenarios envisaging, dollar world topics.