Haze crisis cost Indonesia almost 2% of GDP, World Bank says
According to the World Bank, forest fires in Indonesia last year caused the country at least $16 billion economic losses, which is equivalent to 1.9 percent of its GDP. The haze caused by the fire blanketed Singapore, parts of Indonesia, Malaysia and Thailand in September and October, which was cleared by the rainy season in early November. Many of the fires were set by smallholders and companies to clear land for agriculture, especially palm oil, which makes it difficult for Indonesian authorities to respond to the fires.
- Todayonline
- Indonesia
- Malaysia
- Singapore
- Thailand
- World Bank
- Agriculture
- Palm Oil
- Smallholders
- Forest fires