🔶 The extreme heat reduces the economic power of Europe

🔶 The extreme heat reduces the economic power of Europe

The extreme heat may reduce 113 billion euros from the economic output of Europe this year. Germany was greatly influenced by him. The finance and insurance company Allianz has warned against a further increase in damages as a result of climate change.

The estimates of the insurance company Allianz show that the heat wave of the summer of 2026 reduced the economic strength of Europe this year by about 113 billion euros.

Allianz Insurance, a major finance and insurance company in Munich, announced that Germany is second only to Italy with an estimated loss of 25 billion euros. Italy's economic damage is estimated at about 28 billion euros. France is also ranked third with a decrease of about 20 billion euros in GDP.