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Allianz Research: Floods pose risk to development, could impact Greece's GDP by 0.8% · Cyprus Report

Economy · Greece

Allianz Research: Floods pose risk to development, could impact Greece's GDP by 0.8%

1 sourceFirst reported 12 days agoUpdated 12 days ago

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Floods are identified as the most frequent and costly natural hazard in Europe, according to Allianz Research.
The research indicates that floods could potentially reduce Greece's GDP by up to 0.8%.
The increasing costs associated with flooding are highlighted as a significant concern for economic development.
The findings emphasize the growing impact of climate-related events on financial stability in Greece.

Generated by AI from the 1 sources below · always verify with the originals

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Allianz Research: Οι πλημμύρες κίνδυνος για την ανάπτυξη – Ένα φαινόμενο μπορεί να «κάψει» έως 0,8% του ΑΕΠ στην Ελλάδαnewsit.gr · 12 days ago

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AI summary: catch up in 20 seconds

Floods are identified as the most frequent and costly natural hazard in Europe, according to Allianz Research.
The research indicates that floods could potentially reduce Greece's GDP by up to 0.8%.
The increasing costs associated with flooding are highlighted as a significant concern for economic development.
The findings emphasize the growing impact of climate-related events on financial stability in Greece.

Generated by AI from the 1 sources below · always verify with the originals