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flag Extreme summer weather in Europe caused at least €43 billion in economic losses, study finds.

flag 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. flag The study by the University of Mannheim and the European Central Bank noted that these impacts include reduced work productivity and travel delays. flag 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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