Droughts alone could cost 1% of GDP in Central Eastern Europe in Coming Years
Natural disasters becoming a burden for economies of V4 countries and Romania
As heatwaves and droughts in the Summer of 2022 proved again, the number and impact of natural disasters in Europe, and especially in Central Eastern Europe, will continue to grow in coming years with so significant economic effects that need to be included in regional development plans. A historical analysis spanning 22 years by British consultancy Cambridge Econometrics highlights which regions are the most hit by natural disasters in Europe....