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Water-related risks around the world

A report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy.

By Randall Hackley, Bloomberg | Updated on April 13, 2015
The earth lays cracked in the nearly empty Itaim dam, responsible for providing water to the Sao Paulo metropolitan area, in Itu, Brazil. This city -- whose indigenous name means “big waterfall” -- is at the epicenter of the worst drought to hit southeastern Brazil in more than eight decades. (AP Photo/Andre Penner)

(Bloomberg) — A new report on water insecurity says floods and drought amid climate change and a lack of investment in reliable water supplies is weighing on the global economy by tens of billions of dollars a year.

“Water is productive and it can be destructive,” David Grey, an Oxford professor, said in video remarks.

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