France, Sept. 15 -- This summer's heatwaves, droughts, and floods are expected to cost the European economy more than €120 billion in the long term, according to a new study.

"It's estimated that between June and August 2025, extreme weather events in these regions will cost the economy nearly €43 billion and €126 billion by 2029," Sehrish Usman from the University of Mannheim, the study's lead author, told RFI.

In total, experts calculated that around 100 heat waves, almost 200 droughts and more than 50 floods hit various regions of Europe.

The researchers did not only account for direct losses such as the destruction of roads or crops, they also looked at the long-term impact.

"A heatwave, for example, reduces both...