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Heatwaves may cut GDP by 0.5 pct points in Europe, Allianz says

Summary by milletnews.com

Recent heatwaves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report by Allianz Research showed, comparing a day with temperatures above 32 degrees Celsius to half a day of strikes.

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Reuters

+3 Reposted by 3 other sources

Center

Heatwaves may cut GDP by 0.5 pct points in Europe, Allianz says

Allianz Research compared a day with temperatures above 32 degrees Celsius to half a day of strikes.

1 day ago·United Kingdom

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Liberation

Lean Left

A Potentially Expensive Heat Wave for French Growth

In a study on Tuesday 1 July, the Allianz Trade insurer estimates that recent heat waves could reduce the growth of European gross domestic product by 0.5 percentage points and in France by 0.3 percentage points.

1 day ago·Paris, France

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El Tiempo

Heat Wave in Europe Would Decrease to 0.5% of Its Gross Domestic Product Growth

The continent has temperatures above 32 degrees Celsius.

5 hours ago

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Moneycab

Allianz Trade: Strategic Action Pays Off – Capital Markets Send Positive Signals

Global growth remains sluggish at +2.5% in 2025. It is the slowest since 2008 outside recession times.

13 hours ago

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trend.sk

The Heatwave in Europe Isn't Just Affecting People. It Could Also Be Hurting the Economy.

Extreme temperatures also reduce work productivity

1 day ago

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Insurance Journal

Heat Waves May Cut GDP by 0.5 Percentage Point in Europe, Allianz Says

Recent heat waves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report by Allianz Research showed, comparing a

1 day ago

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