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What will be the economic impact of Typhoon Kong-Rey on Taiwan's GDP in Q4 2024?
2
Resolution / Starting Odds
No significant impact • 25%
0.1% to 0.5% decrease • 25%
0.6% to 1.0% decrease • 25%
More than 1.0% decrease • 25%
Reports from Taiwan's National Development Council
Story
Typhoon Kong-Rey (Leon) Nears Taiwan with 150 mph Winds; Largest Since 1996
Oct 30, 2024, 02:36 PM
Typhoon Kong-Rey, also known as Leon in the Philippines, has rapidly intensified into a powerful Category 4 storm as it moves northwest through the western Pacific towards Taiwan. The typhoon, with sustained winds reaching up to 150 mph (240 km/h) and a central pressure dropping to 925 mbar, is expected to make landfall on Taiwan's east coast on Thursday, October 31, 2024. Taiwan's Central Weather Administration issued sea and land warnings, and authorities have closed schools and offices, canceled flights, and suspended financial markets in preparation for the storm. Orchid Island recorded wind gusts of 175 mph (282 km/h) before the station went offline. Kong-Rey, notable for its unusually large 60-mile-wide eye, is expected to bring up to 400 mm of rainfall and is considered the largest typhoon to threaten Taiwan since Typhoon Herb in 1996. This marks the third typhoon to make landfall in Taiwan this year, an unusual occurrence for this late in the calendar year.
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Greater than 0.5% reduction • 25%
0.1% to 0.5% reduction • 25%
No impact • 25%
Positive impact • 25%
Less than 1 billion yuan • 25%
1 to 2 billion yuan • 25%
2 to 3 billion yuan • 25%
More than 3 billion yuan • 25%
Negative impact of less than 0.5% • 25%
Negative impact of 0.5% to 1% • 25%
Negative impact of 1% to 1.5% • 25%
Negative impact of more than 1.5% • 25%
Less than $1 billion • 25%
$1 billion to $5 billion • 25%
$5 billion to $10 billion • 25%
More than $10 billion • 25%
Yes • 50%
No • 50%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
Less than $100 million • 25%
$100 million - $500 million • 25%
$500 million - $1 billion • 25%
More than $1 billion • 25%
GDP decreases by more than 1% • 25%
GDP decreases by 0.5% to 1% • 25%
GDP decreases by less than 0.5% • 25%
No significant impact on GDP • 25%
