Losses of 43,000 million in the EU due to extreme summer weather. Spain, leader with 12,200 million

The heat waves, droughts and floods recorded this summer in the territory of the European Union will cause macroeconomic losses of about 43,000 million euros in the short term (2025), 28% (12,200 million) in Spain, which is the country with the highest bill for the ravages caused by heat and the lack of rainfall. increasingly extreme due to climate change.
In the medium term, 2029, losses due to these same events rise to 126,000 million in the EU as a whole and more than 30,000 million in Spain, according to a study led by Dr. Sehrish Usman, from the University of Mannheim (Germany), and in which European Central Bank (ECB) economists Miles Parker and Mathilde Vallat have collaborated.

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