Tropical Storm 2024 Effects On Economy. With the possibility of more powerful storms and intense rainfall, pagasa emphasizes the need for increased vigilance and preparedness during the last quarter of. At least 167 people died in landslides and floods after tropical storm megi devastated the philippines last sunday.

There will be 11 hurricanes in the atlantic basin in 2024, five of which will be major storms, colorado state university researchers said in a forecast issued on april 4. Over the past decade, global economic losses from weather events like storms, floods, droughts and wildfires have grown more costly.