High temperatures slow down economic growth – Banxico paper
Authors say Mexico is warming faster than other countries
Global warming will lead to a reduction in economic activity, researchers from the Bank of Mexico (Banxico) have found.
The working paper by Jesús Arellano-González and Miriam Juárez-Torres looks at 42 years of quarterly economic data in Mexico’s individual states.
“By 2100, in the absence of adaptation and under an intermediate scenario of climate change, global warming might cause a statistically significant reduction of quarterly economic growth,” they write.
The paper says that warm
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