Cost of drought

Posted by Washington Post: Juliet Eilperin on August 25th, 2010
BBC: The extreme heatwave, which caused a severe drought and wildfires in Russia, might be over, but both officials and consumers are now busy calculating its cost and trying to work out its consequences. Russian deputy economy minister, Andrei Klepach, said earlier this week that the drought would take up to 0.8% off this year's economic growth, "or maybe even more than that". The 0.8% official figure equals 313bn roubles ($10.1bn, £6.6bn at the current exchange rate), but is ......

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