Without dramatic action to curb greenhouse gas emissions, the heat wave will disrupt global supply chains, even in countries in high latitudes with cool climates, leading to indirect but devastating economic losses. You’re going to suffer. The result could be the worst financial crisis the world has ever seen.
It is already well known that severe heatwaves have many health and economic impacts, including increased mortality, inhibition of outdoor work, crop damage, and disruption of industrial processes. But until now, little research has been done on the economic impact of heatwaves…
Source: www.newscientist.com