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Allianz Estimates Heatwave May Have Cost 0.6pp of GDP
- 00 mins 59 secs
The recent heatwaves in the US, Europe, China, and other parts of the world be cutting into GDP growth, according to a new report. Allianz adds that one day of extreme heat equals about half a day of strikes, but the good news is that there are ways to prepare for heatwaves moving forward.
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