As sea levels rise, economic damage piles up even faster - study


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Scientists said today, that as sea levels rise, threatening cities from New York to Shanghai, the economic damage will increase even faster.

Extreme floods whipped up by storms will become ever more costly for cities as ocean levels edge up around the world's coasts in coming decades.

One study in 2014 estimated it could cost anywhere from 0.3 percent to 9 percent of world gross domestic product a year by 2100.

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