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How much is a weather forecast worth? (Update)

The Indicator from Planet Money

CHAPTER

The Economic Value of Accurate Weather Forecasts and Staffing Challenges

This chapter explores the economic benefits of a federal program focused on enhancing hurricane forecasts, which has reportedly saved $7 billion in damages since 2009. It also addresses the risks posed by staffing cuts at the National Weather Service, potentially undermining the accuracy of future weather predictions.

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