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Extreme summer weather in Europe caused at least €43 billion in economic losses, study finds.
Extreme weather this summer in Europe caused an estimated €43 billion in short-term economic losses, affecting countries like Spain, Italy, and Portugal the most.
The study by the University of Mannheim and the European Central Bank noted that these impacts include reduced work productivity and travel delays.
However, the research did not account for record-breaking wildfires or the combined effects of multiple extreme weather events, suggesting the actual costs could be even higher.
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El clima extremo del verano en Europa causó pérdidas económicas por al menos 43 000 millones de euros, según un estudio.