Heatwaves are having a significant impact on the economy, leading to reduced productivity and higher operating costs. This is also resulting in decreased consumer spending. As a result, business losses are mounting.

The effects of heatwaves on the economy are becoming more pronounced, with notable consequences for businesses. Further details on the economic impact of heatwaves are available from the source.

The source provides more information on the growing issue of heatwaves and their economic consequences, including the exposure of an insurance gap in the region where heatwaves are occurring.