It used to be that we had the majority of deaths and the developed economies had the majority of economic damage from disasters. But according to the authoritative CRED-CRUNCH newsletter, Asia seems to absorbing the most of all forms of damage, including economic losses. Whereas 42% of disasters [in the first half of 2011] happened in Asia, 90% of total deaths and 73% of total people affected were from this continent. Moreover, Asia accounted for 83% of total economic damages brought by natural disasters.