In the wake of the horrible, life changing Typhoon Haiyan, which recently hit the Philippines, rescuers are desperately trying to help those who have lost loved ones and most of their livelihood. It has been confirmed that 942 people have died so far due to the storm and 277 still missing. Furthermore, the number of fatalities is expected to rise to 10,000. The storm is one of the deadliest storms in the Philippines history, with winds up to 305 km/h that left only the tallest buildings standing. The Philippines are a rural area, and as a result of this storm, their economy has surely been affected. Fortunately, the economical effects may be limited and contained only to the affected areas. Agriculture is the industry that is the most effected, with major losses of production of two of the Philippines grossing markets rice and sugar. We can already see some effects, including the weakening of the Philippines currency, the peso, by 0.2 percent, as well as the Philippines stock market going down 2.2 percent. Hopefully, with the help of other nations, the Philippines can fully recover from this horrible natural disaster and re grow their economy. watch?v=8UJW84Fqhgw
http://www.nbcnews.com/business/typhoon-haiyan-will-it-derail-philippines-economy-2D11577218