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RWIU - Equity Investors Must Pay More Attention To Climate Change Physical Risk
Direxion FTSE Russell International Over US ETF Direxion Shares ETF Trust
By Felix Suntheim, Financial Sector Expert, Global Financial Stability Analysis Division, IMF Monetary and Capital Markets Department, and Jérôme Vandenbussche, Senior Economist, IMF Monetary and Capital Markets Department
The damage from the 2011 floods in Thailand amounted to around 10 percent of Thailand's GDP, not even considering all the indirect costs through a loss in economic activity in the country and abroad. By some estimates, the total costs of the 2018 wildfires in California were up to $350 billion, or 1.7 percent of U.S. GDP. Every year, climatic disasters cause human suffering as well as