1 Day
Source:
الاقتصادية
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Global economies affected by heat
Europe has experienced a severe heatwave that led to unprecedented temperature levels, exceeding 40°C in France and reaching similar levels in southern Britain. This resulted in the early closure of tourist landmarks such as the Eiffel Tower and the Louvre Museum, along with negative impacts on the economy and public health. Studies estimate that heatwaves cost the global economy about 1% of its gross output, with this figure potentially rising to 3% by 2050 due to increasing temperatures. Furthermore, forecasts indicate that over 350 million people in Europe will experience temperatures exceeding 30°C, with economic losses reaching hundreds of billions in France, Italy, Germany, and Spain by 2030. These heatwaves lead to decreased productivity, business closures, and declining tourism revenues. Additionally, sales of cooling devices have surged significantly, and power grids have come under high stress.
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