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Allianz estimates summer heat could cost European economy 113 billion euros

started September 24, 2026 at 1:04 PM · last changed 14h ago

Summary

German insurer Allianz estimates extreme summer heat could cost the European economy around 113 billion euros this year through lost productivity, with Italy, Germany and France hit hardest, and warns a 2027 El Niño could add further losses of about 392 billion euros across 144 countries, led by China.

This summary was written by a language model from the 3 sources listed below.

Extract from the source

EKSTREMNE ljetne vrućine mogle bi europsko gospodarstvo ove godine stajati 113 milijardi eura zbog pada produktivnosti i ukupne gospodarske aktivnosti, pokazale su procjene njemačkog osiguravatelja

Main source

01:04 PMIndex.hrOpen the original ↗

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Sources (3)

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Severity
Severity44

Total — band tense (40–69)

Vidik measures media signal intensity. It does not predict events and it does not assess danger. Methodology

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