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- 18:42, 13 July 2025 KlaudiaMauldon talk contribs created page Extreme Weather Could Cause 5 Drop In Euro Zone GDP Bank... (Created page with "<br>By Virginia Furness<br><br>LONDON, July 9 (Reuters) - Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday.<br><br>A series of severe weather-related events could cause an almost 5% near-term drop in euro zone growth, based on the most extreme climate scenario devised by a group of o...")