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European Economy Will Suffer a Moderate Impact From Drought and Record Summer Heat, According to AllianzGI
Summary by Forbes España
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The European economy will suffer a moderate impact and with a certain lag on the activity rather than a sudden shock due to the drought and record temperatures of this summer, according to forecasts published this Tuesday by AllianzGI. "The current estimates point to an effect of about 0.1%-0.4% on the German GDP of the third quarter, while the Kiel Institute places the impact between 0.1% and 0.2%, equivalent to between 1 and 2 billion euros", …
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