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Story perspectives

Climate Crisis Threatens Global Economy and Infrastructure

10/2/2025

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Story summary
  • Climate change raises infrastructure risks across sectors globally today.
  • Tourism disruptions in Italy, Greece, and Spain during peak seasons dampen GDP.
  • Tonga and Antigua and Barbuda face heavy post-disaster debt tied to recovery.
  • In 2024, European wildfires cost €4.1 billion. Experts warn GDP could fall 50% by 2090, with $1.7-3.1 trillion in annual damages by 2050.