Disaster management and the economy of a country are closely intertwined, and the impact of disasters on the economy can be significant. Here are some ways in which disaster management can affect economic wellbeing:

• Disasters can cause extensive damage to infrastructure, homes, and businesses, leading to massive economic losses and disruption of economic activity. This can lead to a decrease in GDP and economic growth.
• Effective disaster management can minimize the impact of disasters on the economy by reducing the damages, speeding up the recovery process, and promoting business continuity and stable economic activity in the aftermath of the disaster.
• Disasters can also affect vulnerable groups, such as low-income households and small businesses, disproportionately, leading to increased inequality, welfare losses, and social unrest, which can further damage the economy.
• Investments in disaster management, such as risk assessments, early warning systems, and emergency preparedness plans, can create employment opportunities and stimulate economic growth in the long term.
• Inadequate disaster management can lead to increased public debt, reduced public investment, and financial instability, which can weaken the economic performance and resilience of the country.

Therefore, efficient disaster management is critical for ensuring the economic wellbeing of a country in the face of disasters.