Heat waves could reduce French economic growth by 0.1 percentage points in 2026.

The damage caused by extreme heat to crops in France could reduce the country's economic growth by 0.1 percentage point in 2026, the French Finance Ministry reported on Wednesday (2). According to official Roland Lescure, the negative impact on the economy is mainly related to an estimated 8% drop in value generation in the agricultural sector, after high temperatures and drought damaged crops during the summer. The ministry highlighted that the effects of extreme weather events on producers were aggravated by the increase in fertilizer costs, amplifying losses for the agricultural sector. Meanwhile, the French Ministry of Agriculture reported that the announcement of an aid package for farmers, initially scheduled for Thursday (3), has been postponed for a few days due to ongoing discussions on the measures.

This text was translated by machine from Brazilian Portuguese.