Indonesian forest fires result in US$5.2bn in losses
The damage and total economic loss from forest fires amount to at least US$5.2bn equal to 0.5% of gross domestic product of Indonesia, the World Bank said in a report released on Wednesday.
The number presented is an estimate based on its assessment in eight of the affected provinces from June to October in 2019. Although bank analysts acknowledged the limitations of the time frame as fires continued to rage on through November.
Over 900,000 people reported respiratory illnesses, 12 airports had to halt operations and schools in Indonesia, Malaysia and Singapore were forced to close due to the dangerous levels of haze as a result of the fires.