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2026-05-28 16:11:10
[Germany May Face Hundreds of Billions of Euros in Economic Losses Due to Heatwave] With many parts of Europe experiencing prolonged periods of extreme heat, the German business community is concerned about the potential economic impact of the extreme temperatures. According to a recent survey released on the 28th, the continued warming is gradually exacerbating economic pressures in Germany and could have a significant impact on economic output as early as 2030. The survey indicates that if the heatwave trend of the past 10 years continues into 2030, the German economy could face losses of approximately €112.5 billion. The study suggests that the heatwave is creating "double pressure" on businesses: on the one hand, rising temperatures lead to decreased labor productivity; on the other hand, increased demand for cooling drives up energy costs. (CCTV)
