Short spells of extreme heat can be enough to lower a region’s economic output for an entire year, according to a new analysis showing the unequal impact of global warming
Periods of extremely hot weather cost the global economy an estimated $16 trillion between 1992 and 2013, while hitting the poorest countries four times as hard as the richest ones.
An annual increase in the temperature of the five hottest days of a year reduced economic growth in tropical regions by as much as a percentage point. “The countries in the tropics that are experiencing the largest changes in extreme heat also have the economies that produce a lot of the types of goods and services that make them vulnerable to that extreme heat,” says Mankin.
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