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Economics • What is health economic impact? • What is currently funded/strategy of e.g. governments? • \[United Nations had 193 official members\] Costs at fingertip • Investment in weather forecasting pays large dividends ranging from 3‐10 times • Value of weather forecasting to USA households is US$31.5 billion from the public expenditure of just US$3.4 billion and private expenditure of US$ 1.7 billion. • Developing world especially vulnerable to weather disasters yet underserved by forecasting . World Bank report – meeting investment needs of 1.5‐2 billion and continual costs of ~500 million per year could save 23000 lives per year and up to 30 billion per year in economic benefits. 80 PRECONGRESS COURSE 09 I VIENNA, AUSTRIA – 23 JUNE 2019 83