February 17, 2010 7:02 AM

Haiti's earthquake was more damaging than Southeast Asia tsunami, study finds

The 7.0-magnitude earthquake that devastated Haiti may have caused as much as $13.2 billion in damages, four times initial Haitian government estimates, according to an Inter-American Development Bank study released Tuesday. The study was written by three economists, using data from 2,000 natural disasters over the past 40 years. They said the quake was "even more damaging" than the 2004 tsunami that struck parts of Asia.

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