Devastating floods could cripple regional economies for years, new study warns
The article shows how flooding impacts the economy using a mix of spatial analysis and economic modeling. The researchers looked at the 2000 Po river flood in Italy. They found that floods not only cause direct damage but also harm the economy indirectly. The method they used can identify both the positive and negative economic effects in different regions of a country after a disaster. Understanding these indirect effects is crucial for fully grasping the economic fallout from natural disasters.