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ClimateEmergingMedium
4.9

Heatwaves to Cost Europe $128B, 0.46% of GDP in 2026

Allianz Trade estimates 2026 summer heatwaves will cut output across 30 European countries by €113B ($128B), or 0.46% of GDP. The estimate is forward-looking and based on current trends, with uncertainty over actual severity. This quantifies a direct climate-driven economic shock, pressuring growth and fiscal positions.

Al Jazeera ARabout 20 hours agoEUCredibility 46%View source

Score Breakdown

Mosaic Score4.9
Confidence0.5
Significance0.5
Source credibility0.5

Intelligence Tags

#heatwave#economic impact#gdp#climate change#europe
Source

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