Current:Home > MarketsWhen extreme rainfall goes up, economic growth goes down, new research finds -BrightFuture Investments
When extreme rainfall goes up, economic growth goes down, new research finds
View
Date:2025-04-14 12:59:14
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! (7149)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Mario Zagallo, the World Cup winning player and coach for Brazil, dies at age 92
- Some Georgia Republicans who sank an education voucher bill in 2023 aren’t changing their minds
- The Trumpification of the GOP's Jan. 6 pardon push
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Washington state lawmakers to take on fentanyl and housing in Inslee’s final legislative session
- Iowa school principal was shot trying to distract shooter so students could flee, his daughter says
- QB Taulia Tagovailoa seeks transfer waiver after record-setting career at Maryland
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Danielle Brooks on 'emotional' reunion with classmate Corey Hawkins in 'The Color Purple'
Ranking
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Ohio Gov. Mike DeWine bans gender-affirming surgeries for transgender youth
- Nigel Lythgoe Leaves So You Think You Can Dance Amid Paula Abdul’s Sexual Assault Lawsuit
- Crocodile launches itself onto Australian fisherman's boat with jaws wide open
- Buckingham Palace staff under investigation for 'bar brawl'
- Hezbollah fires rockets at Israel in ‘initial response’ to killing of top leader from allied Hamas
- Experts warn that foreign armed forces headed to Haiti will face major obstacles
- TGI Fridays says it's closing 36 underperforming restaurants across U.S. Here's where they are.
Recommendation
At site of suspected mass killings, Syrians recall horrors, hope for answers
Alabama man accused of stripping, jumping naked into Bass Pro Shop aquarium: Reports
Azerbaijan names a former oil executive to lead 2024 climate talks
Rascal Flatts guitarist Joe Don Rooney sets 'record straight' on transitioning rumors
The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
27 New Year's Sales You Should Definitely Be Shopping This Weekend: Madewell, Nordstrom, J. Crew & More
QB Taulia Tagovailoa seeks transfer waiver after record-setting career at Maryland
I took a cold shower every day for a year. Here's what happened.