Stressed economies respond more strongly to climate extremes
Robin Middelanis,
Sven Norman Willner,
Kilian Kuhla
et al.
Abstract:Economies experience stress for various reasons such as the global Covid-19 pandemic beginning in 2020. The associated lock-downs caused local economic losses and the disruption of international supply chains. In addition, such stress alters the effects of short-term shocks as caused by climate extremes, especially their propagation through the economic network and the resulting repercussions. Here we show that adverse indirect impacts of tropical cyclones, river floods, and heat stress on global consumption a… Show more
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