Climate change will cripple economies regardless of countries' wealth- report
Climate change will damage the economies of countries whether they are rich or poor, hot or cold by the year 2100, economists said in a new report, dispelling the notion that impoverished, warm countries will suffer the most on a warming planet. Researchers who examined data from 174 countries over 50 years found that persistent temperature changes above or below a country's historical norm adversely affected economic growth, regardless of how warm a country is. The United States could see a 10% loss in gross domestic product (GDP) without significant policy change.
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