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. 2021 Oct 22;4(10):1375–1385. doi: 10.1016/j.oneear.2021.09.017

Figure 1.

Figure 1

Illustration of scenario of a framework for one middle-income country

Scenario 1 (SC1) is characterized by the occurrence of typhoons that hit late in the typhoon season, but no COVID-19 shock.

Scenario 2 (SC2) is characterized by the COVID-19 shock (no typhoon).

Scenario 3 (SC3) considers the case of the COVID-19 shock followed by a low-impact (mild) typhoon that occurs late in the typhoon season.

Scenario 4 (SC4) considers the case of the COVID-19 shock followed by a high-impact (strong) typhoon that occurs late in the typhoon season. COVID-19 scenarios were based upon actual data available for the countries at the time of the study. The impact of natural hazard is estimated as relative loss of capital stock by economic sector, based on a fitted Findex damage function relevant to the country, calculated by using World Bank in-house catastrophe risk models. For a comprehensive discussion of scenarios design and analysis, see Dunz et al.36 for Mexico.