Global EconomyIMPORTANTOctober 13 at 03:42 AM

ECB's Elderson says the heatwave in Europe may have imposed costs equivalent to the area's projected 2026 economic output, underscoring a potentially material macroeconomic risk

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The headline signals a potentially large heat-related cost, but the retrieved record lacks details; related EU reporting cites a €180 billion estimate, about 1% of output.

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ECB's Elderson says the heatwave in Europe may have imposed costs equivalent to the area's projected 2026 economic output, underscoring a potentially material macroeconomic risk

What do investors think?

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