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Climate and Output in Low-Income Countries
IMF Podcasts
English - October 07, 2019 11:45 - 15 minutes - 14.3 MB - ★★★★ - 48 ratingsBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Stranded: Inequality, House Prices leaving People Trapped
Next Episode: More Women in Africa’s Labor Force Means Less Conflict
As the average annual global temperature is expected to rise by 4 degrees Celsius or more by 2100, economic output in countries with hot climates continues to fall. And given that most low-income countries are located in hot regions, low-income countries are bearing the brunt of the negative economic costs of climate change even though they contribute very little to the greenhouse gas emissions that cause it. In this podcast, IMF economists Sebastian Acevedo and Natalija Novta say the increasing frequency and severity of natural disasters is having a negative impact on growth.
Acevedo and Novta are coauthors of Weather Shocks and Output in Low-Income Countries:Adaptation and the Role of Policies