Cyclone Harry: over 2 billion in damage and risk of GDP decline for Sicily, Calabria and Sardinia
Companies and activities destroyed in Sicily, Sardinia and Calabria. Tourism and agriculture the hardest hit sectors. The alarm of businesses: we must act now, almost 2 billion in possible further damage due to the halt in production activities. The node of reimbursement for catastrophic policies
by Nino Amadore
PALERMO - The sea has taken everything: the beach, the houses, the lidos, the roads. And it threatens to take hope too. Because the disaster is there for all to see. In Sicily, Cyclone Harry has hit hard: from Messina to Capo Passero but also in western Sicily, with greater intensity in the Messina and Catania areas (including the capital).
Basically, tourism Sicily is in a mess. It is necessary to start from here to do the maths, to understand what needs to be done today to salvage what can be saved, to get the tourism shack back on its feet, to avoid the disaster having long-term consequences with tourists abandoning their destination Sicily never to return.
But the same applies to Calabria and Sardinia. And the same goes for other sectors: agriculture in primis. The total estimate of the damage in the three regions is now around two billion, but the figure is fluctuating: at the end of the last meeting of the Cabina di regia set up by the President of the Sicilian Region, Renato Schifani, the damage estimate was just over one billion. But it is clear that the bill is destined to grow.
There is another account to be made, however, and it concerns the Gross Domestic Product, especially if action is not taken quickly to restart production activities: the real economic impact of Cyclone Harry must be sought in the loss of production flows. In highly seasonal economies, some of the lost added value does not return in the following months. This is why, over and above the direct damage estimated by the regions, Cyclone Harry risks translating into a loss of GDP in 2026 of between 0.8% and over 1% in the most exposed areas: which means, put in a nutshell, damage worth a little less than two billion.
"A credible estimate that emphasises the urgency of taking action to prevent the consequences of the event from translating into substantial losses in growth and employment. Only a rapid reconstruction can prevent the decline of the strategic sectors of these territories, tourism and agribusiness, which have driven economic growth in recent years," says Luca Bianchi, director of Svimez. "From the management of the emergency, we need to move quickly to the definition of a programme of structural interventions, starting with the mobilisation of available resources, leveraging in particular the resources of the Sicilian Region's Development and Cohesion Fund, which allocates 1.2 billion to measures for 'climate risks and adaptation', to be committed by 2029.



