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The Economic Times

Global Business / The Economic Times

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Europes economy faces the hard reality of climate change this summer

The intense heatwaves sweeping across Europe this summer are leaving deep economic scars. With soaring temperatures and severe drought hampering agriculture and power generation, key waterways are also facing transportation restrictions. Southern European regions are bracing for lower tourist influx and skyrocketing food costs as authorities grapple with increased financial pressures and the looming influence on the European Central Bank.

10 Aug 2026 11:11 am