: Large disasters can cause an immediate drop in output growth, with some estimates showing a 1.3% decline in the disaster year for significant events.
: Better political institutions and lower corruption correlate with faster recoveries and reduced negative impacts. the impact of natural disasters on economic growth
: Immediate physical damage occurring at the time of the event, such as the destruction of infrastructure (roads, bridges, power lines), housing, and commercial assets. : Large disasters can cause an immediate drop