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Climate Change Is Probably a Drag on Growth, but It’s Unclear How Much

The New York Times · Lydia DePillis · last updated

It’s been hot out there. Like water-main-breaking, train-slowing, corn-scorching, road-buckling hot — not to mention heat’s effects on human bodies, making it harder to work in construction and harvest crops.

All of that must be playing into the gross domestic product reading for the second quarter, right?

The short answer is yes. The longer answer is that it’s very hard to track that impact in real time, but economists are working on doing it better.