(MENAFN) Damages of Philippines' Super Typhoon Haiyan will cost the country more than USD8.15 billion, in addition to an expected budget deficit, according to Iran Daily.
The typhoon is expected to affect the country's gross domestic product growth by 0.3 percent in 2013 and 2014.
Budget deficit will boost by more than 2 percent of the GDP over the following two years.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.