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Climate and Inflation: When Weather Hits the Economy

Inflation is often described as a monetary phenomenon. Central banks adjust interest rates. Governments revise fiscal spending. Economists debate liquidity and supply chains. However,...
HomeNews & UpdatesDriest Spain, Parched Portugal

Driest Spain, Parched Portugal

The human-caused global climate crisis is leading to a dry winter spell in Spain and Portugal, leading to severe implications for tourism and farming.

Experts explain that such a dry spell has occurred after nearly 1200 years due to extreme heatwaves and droughts. Researchers say that such a dry spell is a huge cause of worry since such a spell is impacting the economy adversely. Read more

News Credit: The Guardian

Picture Credit: Heino Kalis/Reuters

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