Forest Fires Cost Indonesia $5.2 Billion in Economic Losses

  • World Bank says damage from forest fires equal to 0.5% of GDP
  • Impact of this year’s fires to manifest over several years
Firefighters battling a fire at a palm oil plantation in Pekanbaru, Riau on Sept. 7.Photographer: Wahyudi/AFP via Getty Images
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A deadly spell of forest fires in Indonesia’s main palm oil producing regions earlier this year may have cost the country $5.2 billion in economic losses, according to the World Bank.