06 Jan '12, 1pm

Global economy could endure disaster for a week: Report

Global economy could endure disaster for a week: Report

Thai men ride a boat next to a house damaged by floods on the outskirts of Bangkok, Thailand, Monday, Nov 14, 2011. The global economy could withstand widespread disruption from a major natural disaster or attack by militants for only a week, a report by UK-based think-tank Chatham House said on Friday. -- PHOTO: AP LONDON (REUTERS) - The global economy could withstand widespread disruption from a major natural disaster or attack by militants for only a week, a report by UK-based think-tank Chatham House said on Friday. The frequency of natural disasters, such as extreme weather events, appears to be increasing and globalisation has increased their impact, the report found. Events such as the 2010 volcanic ash cloud, which grounded flights in Europe, Japan's earthquake and tsunami and Thailand's floods last year, showed that key sectors and businesses can be severely affec...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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