Climate shocks could cost eurozone 5% of GDP, economists warn
FRANKFURT: Climate disasters such as droughts, wildfires, floods and storms could slash up to five percent off the eurozone’s GDP by 2030, economists warned Wednesday in an ECB blog post. Under a severe scenario, the 20-member eurozone would suffer an economic hit not only from a series of natural hazards at home but also those… Continue reading Climate shocks could cost eurozone 5% of GDP, economists warn