Europes summer of extreme weather caused €43bn of short-term losses, analysis finds

Greatest damage from heat, drought and flooding done in Cyprus, Greece, Malta and Bulgaria The violent weather that battered Europe this summer caused short-term economic losses of at least €43bn, according to an EU-wide estimate, with costs expected to rise to €126bn by 2029.The immediate hit to the economy from a single brutal summer of heat, drought and flooding amounted to 0.26% of the EUs economic output in 2024, according to the rapid analysis, which has not been submitted for peer rev...