Increased average temperatures could drive up annual food and headline inflation by up to 1.18 percent by 2035, a new ECB working paper with PIK expertise shows.
Economic growth goes down when the number of wet days and days with extreme rainfall go up, a team of Potsdam scientists finds. Rich countries are most severely affected and herein the manufacturing and service sectors, according to their study now published as cover story in the renowned science journal Nature.
Extreme rainfall days harm economy, says new research daijiworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daijiworld.com Daily Mail and Mail on Sunday newspapers.
Concentrated bursts of rainfall could mean flooding or disrupted supply chains, with the negative economic effects especially apparent in wealthier, industrialized countries, a German study has found.