The heatwaves that affect Europe can slow economic growth in the Old Epirus by half a percentage point, according to a report by the Allianz Research, which compares one day with temperatures above 32 degrees Celsius with a half -day strike.

In Europe, GDP losses range from 0.1 percentage point in Germany up to 1.4 percentage point in Spain, where temperatures are about ten degrees higher in summer.

Climate change increases the frequency and intensity of the heat waves, drought and forest fires, with extensive economic consequences.

Overall in the world, heat waves are translated into a 0.6 percentage point this year into a 0.6 percentage point, according to the Allianz Research, as reuters reports.

China, Spain, Italy and Greece can record losses of GDP for almost a percentage point due to the heat waves, the Allianz Research report is reported, while the US may face a decrease of about 0.6 percentage unit and France to one -third of the unit.

Extreme temperatures also reduce labor productivity, with the International Labor Organization (ILO) predicts that heat will reduce all of the potentially working hours worldwide by 2.2% by 2030.

Productivity losses due to heat can be mitigated, according to Allianz Research, which calls for structural measures to prepare cities and adapt workplaces.