New model says world cities face huge losses as a result of natural or man-made catastrophes

Using a new metric, ‘GDP @Risk’, the ‘Catastronomics’ techniques developed by researchers at the University of Cambridge reveal that major threats to the world’s most important cities could reduce economic output by some $4.56 trillion, equivalent to 1.2 per cent of the total GDP forecast to be generated by these cities in the next decade. —> Read More