Current:Home > StocksWhen extreme rainfall goes up, economic growth goes down, new research finds -CapitalTrack
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-18 12:06:20
More rainy days could mean a blow to the economy, according to a new study from the Potsdam Institute for Climate Impact Research in Germany.
The research, published Wednesday in Nature, found that concentrated bursts of daily rainfall decreases economic growth, especially in wealthier and industrialized countries
The study analyzes 40 years of data from more than 1,500 regions in 77 countries and zeroes in on the economic impact of intense, daily rainfall.
Global climate change, caused by human greenhouse gas emissions, is changing weather patterns around the world and making extreme precipitation more common.
Past climate research has focused primarily on temperature or annual precipitation, while this study of data from 1979 to 2019 looks at daily levels.
"If we want to think about the future and think about future climate change, it's actually the daily aspects of rainfall that we know the most about," Maximilian Kotz, a doctoral researcher at the Potsdam Institute and the study's first author, told NPR.
Water is a scarce economic resource, Kotz noted. Having more of this economic good is generally a plus, but it's not a benefit in the case of short, intense periods of rain, which can lead to flooding. Not only can flooding destroy infrastructure, it can also disrupt production and the supply chain, Kotz explained.
The researchers found that the addition of just a few inches of extreme rainfall throughout the year could shave half a percentage point off a country's annual growth. That could be significant, considering most developed nations grow by only 2 or 3 percentage points each year.
The researchers accounted for a range of other factors that might have affected economic growth over the study's time frame, like local political events and global economic trends. They concluded with "very high confidence" that there was a causal link between the changes in rainfall and the changes in economic growth, Kotz told NPR.
"This is just another demonstration of the ways in which the economy is very closely linked to climate," Kotz said. "And as a result, our prosperity and jobs are all vulnerable to possible future changes in climate."
NPR's Camila Domonoske contributed to this report.
veryGood! (24)
Related
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Mike Williams Instagram post: Steelers' WR shades Aaron Rodgers 'red line' comments
- Tennis Channel suspends reporter after comments on Barbora Krejcikova's appearance
- Elon Musk responds after Chloe Fineman alleges he made her 'burst into tears' on 'SNL'
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Megan Fox Is Pregnant, Expecting Baby With Machine Gun Kelly
- Tuskegee University closes its campus to the public, fires security chief after shooting
- Bowl projections: SEC teams joins College Football Playoff field
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Brian Austin Green’s Fiancée Sharna Burgess Celebrates Megan Fox’s Pregnancy News
Ranking
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Repair Hair Damage In Just 90 Seconds With This Hack from WNBA Star Kamilla Cardoso
- Beyoncé nominated for album of the year at Grammys — again. Will she finally win?
- Tua Tagovailoa playing with confidence as Miami Dolphins hope MNF win can spark run
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- South Carolina lab recaptures 5 more escaped monkeys but 13 are still loose
- Wisconsin authorities believe kayaker staged his disappearance and fled to Europe
- See Megan Fox, Machine Gun Kelly, Brian Austin Green and Sharna Burgess' Blended Family Photos
Recommendation
Current, future North Carolina governor’s challenge of power
How many dog breeds are there? A guide to groups recognized in the US
Mississippi rising, Georgia falling in college football NCAA Re-Rank 1-134 after Week 11
Volkswagen, Mazda, Honda, BMW, Porsche among 304k vehicles recalled: Check car recalls here
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
Kevin Costner says he hasn't watched John Dutton's fate on 'Yellowstone': 'Swear to God'
Veterans Day restaurant deals 2024: More than 80 discounts, including free meals
Burger King is giving away a million Whoppers for $1: Here's how to get one