ABABIO

Climate Shocks and Economic Resilience: Insights from Zambia’s Formal Sector

December 6, 2024December 6, 2024 - by Sofia Nawab - Leave a Comment

This article explores how climate shocks significantly affect the performance of firms and tax revenues in Zambia’s formal sector. Extreme weather events like heavy rainfall and high temperatures reduce sales …

Business / economics

Impact of Climate Shocks on Economic Resilience: Evidence from Zambia

December 6, 2024December 6, 2024 - by Liam Nguyen - Leave a Comment

The UNU WIDER Working Paper 2024/71 reveals that climate shocks significantly hinder firm performance and tax revenues in Zambia, particularly affecting the manufacturing, retail, accommodation, and construction sectors. Extreme weather …