Current:Home > FinanceWhen extreme rainfall goes up, economic growth goes down, new research finds -Dynamic Money Growth
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-19 22:51:13
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! (378)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- California Gov. Gavin Newsom signs laws to curb oil and gas pollution near neighborhoods
- Maryland files lawsuit against cargo ship owners in Francis Scott Key Bridge collapse
- One day along the Texas-Mexico border shows that realities shift more rapidly than rhetoric
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 1 charged after St. Louis police officer hit and killed responding to crash
- UNLV’s starting QB says he will no longer play over ‘representations’ that ‘were not upheld’
- Abbott Elementary’s Season 4 Trailer Proves Laughter—and Ringworm—Is Contagious
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Kim Porter's children with Diddy call out 'horrific' conspiracy theories about her death
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Extreme Makeover: Home Edition Star Eduardo Xol Dead at 58 After Stabbing Attack
- Who is Matt Sluka? UNLV QB redshirting remainder of season amid reported NIL dispute
- Love Is Blind’s Sarah Ann Bick Reveals She and Jeramey Lutinski Broke Up
- Trump's 'stop
- Court asked to dismiss murder charge against Karen Read in death of her police officer boyfriend
- Chicago’s Latino Neighborhoods Have Less Access to Parks, But Residents Are Working to Change That
- Top Muslim-voter organization endorses Harris as Middle East conflict escalates
Recommendation
B.A. Parker is learning the banjo
New 'Wuthering Heights' film casting sparks backlash, accusations of whitewashing
Judge approves $600 million settlement for residents near fiery Ohio derailment
DWTS' Artem Chigvintsev Breaks Silence on Domestic Violence Arrest and Nikki Garcia Divorce
South Korean president's party divided over defiant martial law speech
Aging and ailing, ‘Message Tree’ at Woodstock concert site is reluctantly cut down
Woman sentenced to 18 years for plotting with neo-Nazi leader to attack Baltimore’s power grid
Rep. Ocasio-Cortez says New York City mayor should resign