Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The total direct economic damage from the March 28, 2025 earthquake in Myanmar is estimated at US$10.97 billion, which is approximately 14 percent of Myanmar's GDP for the financial year 2024/25. The damage estimate ranges between US$6.24 billion and US$15.82 billion due to considerable uncertainty [23][19][21] - The earthquake has significantly impacted over 17 million people, with reported fatalities of 3,655 and over 198,000 displaced individuals. The event is characterized as one of the most impactful seismic occurrences in Myanmar's history [20][56] - The GRADE methodology utilized for damage estimation combines earthquake damage modeling, catastrophe risk modeling, and assessments of capital stock value across various sectors [21][64] Summary by Sections Executive Summary - The report summarizes the direct economic damage to buildings and infrastructure caused by the earthquake, providing critical insights for response and recovery planning [19] - The assessment does not include losses or needs related to the disaster [19] Introduction - The earthquake struck central Myanmar, affecting key regions including Nay Pyi Taw and Mandalay, during a period of internal conflict and humanitarian crisis [31][32] - The event is noted as the strongest recorded seismic event in Myanmar since 1912 or possibly 1839 [51][29] Damage Estimation Methodology - The GRADE assessment follows a rapid estimation approach to assess direct economic impacts, focusing on physical assets [64] - The methodology includes hazard analysis and exposure modeling to estimate damage accurately [68][70] Key Findings - Residential buildings accounted for the highest damage at US$4.97 billion, followed by non-residential buildings at US$2.63 billion and infrastructure damage at US$3.36 billion [23][24] - Mandalay, Sagaing, and Bago regions were the most severely impacted, representing 82 percent of the total damage [23][24] - Recovery and reconstruction costs are expected to exceed direct damage estimates, necessitating targeted recovery strategies [26] Impacts on Population - Affected households in the most impacted areas could experience consumption losses of up to 25 percent, particularly among socioeconomically vulnerable groups [26] - The earthquake has caused extensive damage to cultural heritage, with over 9,643 religious structures affected [60]
全球灾后快速损失评估（GRADE）报告：缅甸地震2025年3月28日（英）
Shi Jie Yin Hang·2025-06-09 06:30