Extreme Heat And Drought Conditions Are Battering The U.S., Europe And China All At Once

A view of bridges that cross over the partially dried-up riverbed of the Jialing river, a tributary of the Yangtze, that is approaching record low water levels in Chongqing, China, August 18, 2022. REUTERS/Thomas Peter  

CNN: Extreme heat is slamming the world's three biggest economies all at once 

London (CNN Business)Estimating just how catastrophic climate change will be for the global economy has historically proven challenging. But this summer, it's increasingly evident how quickly costs can pile up. 

Extreme heat and drought conditions are battering the United States, Europe and China, compounding problems for workers and businesses at a time when economic growth is already slowing sharply and adding to upward pressure on prices. 

In China's Sichuan province, all factories have been ordered shut for six days to conserve power. Ships carrying coal and chemicals are struggling to make their usual trips along Germany's Rhine river. 

And people living on America's West Coast have been asked to use less electricity as temperatures soar.  

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Update: Severe heat and droughts are wreaking havoc across the globe (VOX)  

WNU Editor: The economic costs of this extreme heat and drought have yet to be calculated.