Europe's scorching summer could cost EU economies €180 billion
AI Summary
Europe's scorching summer heat could impose economic losses estimated at €180 billion, equating to about 1% of the EU's GDP for 2026. France is expected to face the most significant economic impact among major EU member states.
Extreme heat could cost EU economies around €180 billion this year, roughly 1% of GDP and almost exactly the growth the bloc had been expecting for 2026, with France facing the heaviest blow of the big member states.