EU/ Production losses due to extreme weather events estimated at €43 B in 2025 and €126 B by 2029 (study)
The cost of the loss of production due to extreme weather events, like heat, droughts, and floods, during the 2025 summer, is estimated at €43 B in 2025 and €126 B by 2029, respectively 0.26% and 0.78% of the 2024 GDP, highlights a joint study of the University of Mannheim and the European Central Bank published in the European Economic Review...