Germany faces 36 billion euro heatwave loss
Germany suffered economic losses of at least €36 billion due to the ongoing heatwaves and drought that lasted for weeks, amounting to approximately 0.8-0.9% of the country's gross domestic product. These phenomena led to crop losses, forest fires, increased healthcare costs, and decreased productivity, with sectors such as agriculture and essential industries being affected. Internal navigation was also halted due to lowered water levels. Productivity losses alone are estimated at around €10.8 billion. The damage was worsened by forest destruction and the burdens of health-related absenteeism, and studies indicate that the actual damages may be even greater than currently estimated.
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