Typhoon Haiyan destructively tore through the Phillipines recently. It is estimated that the typhoon displaced an estimated 4 million people. While this new is tragic, it is worse than simply four million displaced Filipinos. The typhoon is likely to devastate their economy. In this essay Miranda Tate explains how the typhoon affected the economy of the Philippines through discussing aggregate demand, consumer spending, and net exports.

If you want to learn more about how natural disasters can affect the economy, you don't need to look any farther. Check out this brief essay and understand how one storm can devastate a nation for decades. Check out this read to learn about the effects of natural disasters on economies!

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