{
  "title": "Chart of the Week: A Storm by Any Other Name",
  "publication": "IMF Blog, June 19, 2017",
  "sourceUrl": "https://www.imf.org/en/blogs/articles/2017/06/19/chart-of-the-week-a-storm-by-any-other-name",
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  "summary": "Hurricane season officially began June 1.",
  "sections": [
    {
      "heading": "Hurricane season and vulnerability",
      "content": "- Hurricane season officially began June 1.\n- The National Oceanic and Atmospheric Administration’s outlook predicts a busy Atlantic hurricane season.\n- Hurricanes are the leading cause of natural disasters in the Caribbean, making the region one of the most vulnerable in the world.\n- Only 62 percent of disasters caused by hurricanes have recorded data on economic damages."
    },
    {
      "heading": "Relationship between wind speed and damages",
      "content": "- A recent paper examines the relationship between maximum wind speeds and hurricane damages, with the goal of estimating missing damage data for the Caribbean and calculating potential climate change costs.\n- The analysis finds that damages in percent of GDP increase by about 3 percent with an increase in wind speed of 1 percent.\n- Hurricanes that do not make landfall also leave a trail of damage in the Caribbean economies."
    },
    {
      "heading": "Underreporting of damages",
      "content": "- The new data set shows hurricane damages are considerably underreported, particularly in the 1950s and 1960s.\n- Average damages may be three times as large as the reported average of 1.6 percent of GDP per year."
    },
    {
      "heading": "Climate change projections",
      "content": "- Climate change is expected to increase hurricane intensity because warmer sea surface temperatures create favorable conditions for large storms to form and strengthen.\n- The data shows average annual hurricane damages in the Caribbean will increase between 22 and 77 percent by the year 2100, in a global warming scenario of high CO2 concentrations and high global temperatures."
    },
    {
      "heading": "2017 seasonal note",
      "content": "- Named storms to watch in 2017 include Hurricanes Arlene, Gert, Franklin, and Ophelia; their potential damage will weigh on people and their countries’ economies.\n\nSource: Chart of the Week: A Storm by Any Other Name (The Editors, June 19, 2017).\n\n---\n\n Content in this bundle\n\n- Gone with the Wind: Estimating Hurricane and Climate Change Costs in the Caribbean\n  - Gone with the Wind: Estimating Hurricane and Climate Change Costs in the Caribbean (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Gone with the Wind: Estimating Hurricane and Climate Change Costs in the Caribbean (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\n References\n\n- https://www.imf.org/wp-content/uploads/2017/06/BLOG-1099x500-HAITI-PortSalut-women-looking-at-hurricane-destruction-Newscom-krtphotoslive770340.jpg\n- https://www.imf.org/wp-content/uploads/2017/06/FINAL-ENGJan31hurricane1.jpg\n\nSource: https://www.imf.org/en/blogs/articles/2017/06/19/chart-of-the-week-a-storm-by-any-other-name"
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    "Authors: The Editors",
    "Published: June 19, 2017",
    "Hurricane season officially began June 1.",
    "The National Oceanic and Atmospheric Administration’s outlook predicts a busy Atlantic hurricane season.",
    "Hurricanes are the leading cause of natural disasters in the Caribbean, making the region one of the most vulnerable in the world.",
    "Only 62 percent of disasters caused by hurricanes have recorded data on economic damages.",
    "A recent paper examines the relationship between maximum wind speeds and hurricane damages, with the goal of estimating missing damage data for the Caribbean and calculating potential climate change costs.",
    "The analysis finds that damages in percent of GDP increase by about 3 percent with an increase in wind speed of 1 percent.",
    "Hurricanes that do not make landfall also leave a trail of damage in the Caribbean economies.",
    "The new data set shows hurricane damages are considerably underreported, particularly in the 1950s and 1960s.",
    "Average damages may be three times as large as the reported average of 1.6 percent of GDP per year.",
    "Climate change is expected to increase hurricane intensity because warmer sea surface temperatures create favorable conditions for large storms to form and strengthen.",
    "The data shows average annual hurricane damages in the Caribbean will increase between 22 and 77 percent by the year 2100, in a global warming scenario of high CO2 concentrations and high global temperatures.",
    "Named storms to watch in 2017 include Hurricanes Arlene, Gert, Franklin, and Ophelia; their potential damage will weigh on people and their countries’ economies.",
    "**Gone with the Wind: Estimating Hurricane and Climate Change Costs in the Caribbean**",
    "[https://www.imf.org/wp-content/uploads/2017/06/BLOG-1099x500-HAITI-PortSalut-women-looking-at-hurricane-destruction-Newscom-krtphotoslive770340.jpg](https://www.imf.org/wp-content/uploads/2017/06/BLOG-1099x500-HAITI-PortSalut-women-looking-at-hurricane-destruction-Newscom-krtphotoslive770340.jpg)",
    "[https://www.imf.org/wp-content/uploads/2017/06/FINAL-ENG_Jan_31__hurricane_1.jpg](https://www.imf.org/wp-content/uploads/2017/06/FINAL-ENG_Jan_31__hurricane_1.jpg)"
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      "title": "Gone with the Wind: Estimating Hurricane and Climate Change Costs in the Caribbean",
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