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Europe’s extreme heat could wipe out EU growth in 2026
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UrduPoint News
BRUSSELS, (UrduPoint / Pakistan Point News / WAM - 10th Aug, 2026) The extreme heat and drought affecting large parts of Europe this summer could erase much of the economic growth expected across the region, Dutch bank Triodos has said in a report.
Labour productivity losses alone could cut EU GDP by around 0.
6 percent, while agricultural output is expected to fall by 3 percent to 7 percent.
"Higher food prices, constrained power generation and higher electricity prices, and disruption to roads, rail and inland waterways add to the damage," Triodos said.
Italy, Spain and Belgium also face substantial losses, while countries such as Poland, which experienced fewer exceptionally hot days, are expected to be less affected.