“From record-setting heat to flooding in the midwest, weather could play an outsized and unnoticed role in upcoming economic releases,” he wrote. Investors in global stock markets should pay more attention to the overlooked economic effects of extreme weather events, which have cost the the United States $ 500bn since the past five years and $ 500bn in 2005 . State Street Global's Geoffrey Heal said the destruction of wealth brought about by weather-related disasters, as well as the drop in productivity that occurs during hot weather, hamper economic growth. The Commodity Futures Trading Commission recently said it will set up a committee to "identify and examine climate change-related financial and market risks".
Investors in global stock markets should pay more attention to the overlooked economic effects of extreme weather events, which have cost the the United States $ 500bn since the past five years and $ 500bn in 2005 . State Street Global's Geoffrey Heal said the destruction of wealth brought about by weather-related disasters, as well as the drop in productivity that occurs during hot weather, hamper economic growth. The Commodity Futures Trading Commission recently said it will set up a committee to "identify and examine climate change-related financial and market risks".