Extreme Heat Could Cost Portugal Nearly 2% of Consumption and 6% of Investment by 2030, an Allianz Study Warns
An Allianz study, 'Too Hot to Grow', estimates repeated extreme heat will cut Portuguese private consumption by about 1.9% and investment by around 6% cumulatively over 2026-2030, with a fiscal drag near 1% of GDP — investment the hardest-hit channel.