Bangladesh could lose 10-18% of GDP due to climate change: Research

Bangladesh could lose 10-18% of GDP due to climate change: Research

Bangladesh, India, Pakistan and Sri Lanka are facing natural disasters — fires, floods, major storms and water shortages and South Asia’s gross domestic product (GDP) is at risk of falling by 10 to 16 percent. The rate of GDP loss is three times that of North America and 10 times that of Europe, the region least affected by natural disasters.

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S&P Global, one of the world’s leading credit rating agencies, determines the credit score of a country’s economic performance. The agency said in a report released on Tuesday that rising sea levels, regular warming, the effects of droughts and storms are increasing the risk to GDP.

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