Extreme heat and disasters erode incomes, raise costs globally

A Deutsche Welle report synthesizes evidence that heat waves, wildfires, and floods are already reducing incomes and lifting prices of basic goods, with impacts projected to escalate as temperatures rise. The piece aggregates known climate-economics research rather than reporting a single new event, so the core claim is well-supported but not novel. It matters because it frames climate change as an active macroeconomic force affecting growth and inflation.