Yizhe Xu & Drew Marticorena

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Extreme Temperature Events & Vietnam's GDP

Climate change is impacting the production of agricultural goods across the planet, and Vietnam is no exception. Vietnam's agriculture sector is estimated to contribute just under 20 percent to Gross Domestic Product (GDP)[1] , a common measure of national economic output, and employs around half of the country's workforce.[2]  As a result, Vietnam's economic performance is tied, in part, to the success of its agriculture sector. However, climate change is causing more extreme weather events to happen, and the rise in extreme weather events can have disastrous consequences for agriculture. Farmers' crops may be destroyed and consumers may face higher food prices due to reduced supply. Furthermore, the negative impacts from adverse weather can inhibit agricultural production in the following year, as the agricultural land tries to recover from these adverse shocks.

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