A new analysis indicates Slovakia could experience a substantial economic hit from increasingly frequent and intense heatwaves. By 2030, the country’s GDP could decline by as much as $12 billion, ranking it among the three most affected nations studied by Allianz. The National Bank of Slovakia (NBS) reports that even a single degree Celsius increase in summer temperatures can lead to a 7% drop in revenue for vulnerable sectors. These findings demonstrate that the economic consequences of global warming are not limited to southern Europe or tropical regions. Drought and heat are projected to damage economies globally, highlighting the urgent need for climate adaptation strategies. The report underscores Slovakia’s particular vulnerability to these climate-related economic risks. This poses a significant challenge for the nation’s future economic stability.