Central Europe is reeling from the catastrophic impacts of Storm Boris, which unleashed some of the worst floods in decades. Early estimates indicate economic losses exceeding €1 billion, painting a grim picture of the disaster’s toll.
Austria, Czech Republic, Poland, and Romania are among the hardest hit nations, grappling with widespread destruction. The floods have forced businesses to shut down, disrupted crucial cross-border trade, and brought life to a standstill in many areas.
While analysts predict a short-term negative impact on GDP, they remain optimistic about long-term recovery. This optimism stems from the anticipated surge in construction and infrastructure investments needed to rebuild and reinforce affected regions.
Source: Euro News