Economic Impacts of Heatwaves in Europe
July 14, 2025
July 2025 began with a heatwave affecting Europe, and the ECB analyzes its economic implications. Heatwaves can significantly reduce economic activity and raise food prices, according to the study. The author also mentions that historic heatwaves, like that of 2003, had severe human consequences. Ultimately, the article ends on a humorous note, encouraging readers to enjoy their summer.