Europe’s economy faces the hard reality of climate change this summer
· economictimes.indiatimes.com
The intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hampering agriculture and power generation, key waterways are also facing transportation restrictions. Southern European regions are bracing for lower tourist influx and skyrocketing food costs as authorities grapple with increased financial pressures and the looming influence on the European Central Bank.
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RECORD ECONOMIC DAMAGE FROM HEAT
SOUTHERN EUROPE TO SUFFER FALLING TOURISM AND RISING INFLATION
HEAT STRAINS ON BUDGETS TO PUT PRESSURE ON ECB
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