Heat waves such as the current in Europe can paralyze the economy as strikes. According to an alliance study, one day with extreme temperatures of more than 32 degrees corresponds to a half -day day. South Europe is mainly affected.
In Spain, the gross domestic product (GDP) this year could be lower by 1.4 percentage points due to such weather conditions. In Italy (minus 1.2 percentage points), Greece (- 1.1) and China (-1) the consequences would be the same. In general, economic growth in Europe will probably be steamed with 0.4 points. “A strong North-South gradient is clear in Europe,” says Allianz economist Jasmin Gröschl. The effects are low in the relatively “Cool North”.
“Heat waves paralyze the economy. In general it is less work,” said Gröschl. Italy is a current example. There, working outside during the hot lunch hours between 12.30 and 16.00. On particularly hot days were forbidden. Depending on the region, the regulations apply until mid -September. Near Bologna, a 47-year-old employee died on Monday, who collapsed at a construction site in the afternoon Hitte. According to Italian media, he would have had earlier diseases.
Heat in Spain and Italy
In the Noord -Italian province of Vicenza, two employees suffered while they worked in a well. One of them had to be revived. In Barcelona, a 51-year-old employee died of streets, who complained about discomfort during her service on Saturday in great heat, but had not stopped working.
Allianz warned in a broadcast that with increasing climate change, both the frequency and the intensity of heat waves increase. Dürren and forest fires would also be “new normal on which the economy must be prepared to prevent long -term, serious losses”. The insurance company recommends that the energy transfer, infrastructure and greening of the city center.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
