Europe’s scorching summer is erasing its economic growth, says report
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Source: Politico
Published: 2026-08-11 01:53 UTC+10:00
Section: Climate adaptation
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Europe, Economy & Finance, Weather, Elections, Business & Economy, Environment & Climate
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Snippet:
The brutally hot summer is set to cost the EU economy €180 billion this year — that’s equivalent to roughly 1 percent of GDP, which is all the growth the bloc was expected to generate in 2026, according to new analysis.
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