World▼ Negative
Climate shock: Europe faces $128 billion heatwave hit in 2026; India stares at $50 billion El Niño impact
· Business Today Mkts
The estimate is based specifically on temperature-related economic effects. It does not include additional losses from floods, droughts, wildfires and other extreme events that could accompany a strong El Niño.
Market context
- The immediate tone of coverage reads negative.