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A new analysis estimates that the bill for the record-hot summer is so steep that it will swallow all of Europe’s economic growth this year.

»The picture grows bleaker year by year«: Heat waves are wiping out all of Europe’s economic growth

It is easy to grasp the economic consequences of a wildfire, but the overall drag from lower productivity hits Europe’s economy even harder. Foto: Christophe Archambault/Ritzau Scanpix
It is easy to grasp the economic consequences of a wildfire, but the overall drag from lower productivity hits Europe’s economy even harder. Foto: Christophe Archambault/Ritzau Scanpix
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Tens of thousands of additional deaths, hundreds of thousands evacuated from their homes amid widespread wildfires, record temperatures, dried-up rivers and heat waves that keep rolling over our fellow Europeans farther south.

The record heat, which would have been virtually impossible without our greenhouse-gas emissions, has left its mark on the summer for a majority of the continent’s residents. Now it is hitting their economies, too.

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