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The Economic Times

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Europe heatwave: The thermometer is flashing red for the continent's economy

Europe's heatwave is becoming a growing economic threat as extreme temperatures disrupt transport, reduce labour productivity, damage agriculture and strain power grids. Economists now see the thermometer as a key economic indicator, with climate change driving billions in adaptation costs, slowing growth and reshaping Europe's long-term economic outlook.

21 Jul 2026 12:17 pm