linguistic:translation, stylistic:tone
On the economy

Global economic losses due to extreme weather, climate and water events are increasing. Costs have increased sevenfold from the 1970s to the 2010s. Direct losses from disasters have averaged above US$330 billion annually between 2015 and 2021. Socio-economic factors have contributed to this trend of increasing losses, such as population growth and increased wealth. This shows that increased exposure is the most important driver of economic losses. However, part of these are also due to human-induced climate change.