Heatwave causes 6.32 billion euros in damages

July 16, 2026

Iniulat ng AI

A Prognos analysis shows the late June heatwave cost the German economy 6.32 billion euros. Experts expect recurring billion-euro damages.

The German economy must prepare for recurring billion-euro damages from heatwaves. The economic research firm Prognos calculated this in an analysis for Handelsblatt.

The late June heatwave with temperatures above 35 degrees alone cost 6.32 billion euros. Costs could reach nearly one billion euros on each such day.

Experts consider three or four heat periods of this magnitude per year possible. Annual damages could then exceed 20 billion euros.

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