The intensifying heatwaves across the Northern Hemisphere are expected to have serious economic consequences in 2025, with Romania projected to suffer a 0.6 percentage point (pp) drop in GDP due to extreme temperatures, according to a new report from Allianz Research. The report offers a “back of the envelope” estimate of heatwave-related losses, highlighting Romania among the more heavily impacted countries in Europe, alongside Spain (-1.4pp), Italy (-1.2pp), and Greece (-1.1pp). Between 1 May

Tag-uri: Italia