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Misfortunes affect us all; whether ill health, accident, theft, unemployment, or other personal troubles. In the same way, no one is entirely immune from the negative consequences of weather-related or manmade perils such as very strong winds, flooding, drought, earthquake, terrorism, or catastrophic accidents.

What does vary, however, is people’s ability to bounce back from unforeseen events. Generally speaking those living in emerging markets are less able to recover from setbacks that impact their longer term prosperity and broader economic development.

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2nd September, 2018