Climate change will hit US growth hard – Dallas Fed study

temperature-climate-change

Rising global temperatures will damage economic growth over the next century, hitting the US harder than some other major economies, a paper published by the Federal Reserve Bank of Dallas finds.

In the paper, Matthew Kahn et al. examine the long-term impact of changes in temperature and precipitation on economic activity across 174 countries from 1960 to 2014. They also forecast the potential impacts up to year 2100.

The historical results show that if temperature deviates from its norm by 0

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