EconomyHeatwaves and energy crunch: Can Europe withstand a double shock?

Europe’s fifth heatwave of the year is damaging growth and productivity as wildfires spread, crops fail and rivers dry up. Economists estimate the extreme heat could cost $209bn, about 1 percent of EU GDP, while the Iran war is adding to the region’s energy-price pressure.

European economyheatwavesenergy costsIran war

AAl Jazeera★★★★☆2026-08-20 08:24Original