A new study by the Slovak central bank reveals that rising summer temperatures are negatively impacting the country’s businesses. Companies are facing financial losses, estimated at €70,000 for each additional degree Celsius of heat. The sectors most vulnerable to these economic consequences are agriculture, construction, and manufacturing. The study highlights how increased heat reduces productivity and squeezes revenues and profits. These findings underscore the growing economic risks associated with climate change in Slovakia. The central bank’s research suggests businesses need to adapt to hotter summers or face continued financial hardship, and points to a need for broader economic strategies addressing climate impacts.

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