Asian tsunami disaster likely to have minimal economic impact, experts say
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The cost in human life of the Boxing Day tsunamis is appalling by any measure but the economic impact of one of the world's worst natural disasters is likely to be minimal in the longer term, according to Australian analysts.
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The huge scale of the Asian quake disaster is making it difficult to assess the economic impact, the World Bank says.
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US companies are expected to contribute hundreds of millions of dollars in relief aid to tsunami-hit Asia, but some may be slower to help since the sudden disaster
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BANDA ACEH, Indonesia  - Help finally came from  the sky on Sunday for Indonesian villages washed flat by the  tsunami a week ago, but no amount of aid could stop the loss of  life.
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As many as 90% of those affected by the tsunami are likely to be suffering from trauma, experts say.
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Countries hit by the Asian tsunami disaster could take up to 10 years to recover, the UN's Kofi Annan warns.
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As the World Bank and International Monetary Fund assess economic costs to South Asian governments of the cataclysmic tsunami, the current outpouring of aid could mean international lenders won't need to step in with new loans, economists said on Tuesday.
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Swiss Re has estimated its losses to the Indian Ocean tsunamis at less than 100 million Swiss francs, reinforcing observations that victims of the disaster had little insurance coverage.
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The initial toll from the devastation in southern Asian areas hit by tsunami waves this weekend is likely to be more human than economic, given the extreme poverty of many of the regions.
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How much money was initially pledged by &quot;stingy&quot; countries to those hit by Sunday&#39;s tsunami doesn&#39;t matter. Coping with the aftermath does matter.
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The tsunami is likely to register as a small wave in affected countries' economies, because tourism and fishing make up small percentages of the overall economy.
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It sounds insignificant alongside the Indian Ocean tsunami, yet an almost imperceptible annual rise in the world's oceans may pose a huge threat to ports, coasts and islands by 2100.
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Asia's economic growth is likely to be constrained by an expected slowdown in the U.S. economy and potential spillover from the subprime mortgage crisis, two economic forecasts released Thursday said.
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The United States expects to provide an initial $15 million in aid for victims of a devastating tsunami in Asia and has already released $400,000, a top US aid official said on Monday.
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Of all the low-lying coastal areas to be devastated by Sunday&#39;s tsunami, an Indian archipelago near the quake&#39;s epicenter may turn out to have the worst toll per capita.
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It sounds insignificant alongside the  Indian Ocean tsunami, yet an almost imperceptible annual rise  in the world's oceans may pose a huge threat to ports, coasts  and islands by 2100.
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Millions of people may have survived  the deadliest tsunami in living memory, but many are so deeply  traumatized it will take years for them to heal, if ever,  medical experts said Monday.