This new paper -- FF19 -- should put to rest any further debate over declining disaster losses as a % of GDP as I've reported and as appear in The Lancet today. Great stuff. /END
Why are these trends in decreasing losses as percent of GDP occurring? This new paper provides a comprehensive and unassailable answer: Formetta & Feyen 2019. Empirical evidence of declining global vulnerability to climate-related hazards. GEC 57.