Impact on global economy due to climate change by scenario Q4 2048
Climate change is a phenomenon which has been evident since the Industrial Revolution and has progressed more quickly over the last decades. It has environmental, human health, social, political and economic implications worldwide. A forecast for the end of 2048 indicates that several countries globally would face a negative deviation from their baseline GDP. Based on this projection for Q4 2048, Saudi Arabia is projected to experience a decrease of almost 11 percent in its real GDP, in a scenario where global temperatures increase by 4.1 degrees Celsius, compared to the period from 1986 to 2005.
