The ripple factor: Economic losses from weather extremes can amplify each other across the world

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The ripple factor: Economic losses from weather extremes can amplify each other across the world

Weather extremes can cause economic ripples along supply chains. If they occur at roughly the same time, the ripples start interacting and can amplify, even if they occur at completely different places around the world, a new study shows. The resulting economic losses are greater than the sum of the initial events, the researchers find in computer simulations of the global economic network. Rich economies are affected more strongly than poor one…