Rainy days harm the economy

Economic growth goes down when the number of wet days and days with extreme rainfall go up, according to a research study published in Nature. Rich countries are most severely affected and with their manufacturing and service sectors hardest hit. Analysis of data from more than 1,500 regions over the past 40 years shows a clear correlation and suggests that intensified daily rainfall driven by climate-change from burning fossil fuels will harm the global economy.

Read further on the website of the Potsdam Institute for Climate Impact Research (PIK).