Asia's Extreme Weather Damage Hits $2 Trillion Over 20 Years

Extreme weather across Asia has racked up damage that's hard to even wrap your head around – we're talking $2 trillion over the past couple decades. And it's not slowing down.

The Asian Development Bank just dropped this bombshell report showing how floods, typhoons, droughts, and brutal heat waves are absolutely crushing the continent's economy. What used to be bad weather that people could deal with has turned into financial disasters that keep getting worse.

The Damage Keeps Piling Up

From 2000 to 2019, Asia got hit with over 3,000 major climate disasters. Do the math – that's roughly 150 catastrophic weather events every year. More than half a million people died, and another 1.6 billion had their lives turned upside down.

Countries that were making real progress are getting knocked back years by single storms. A typhoon hits the Philippines, and boom – there goes a huge chunk of their annual budget just trying to rebuild.