Since the AR5, there has been significant progress regarding the identification of economic responses to weather fluctuations: evidence has increased that extreme weather events such as tropical cyclones, droughts, and severe fluvial floods have not only caused substantial immediate direct economic damage  but have also reduced economic growth in the short term    as well as in the long term   . Short- and long-term reductions of economic growth by extreme weather events affect both developing and industrialised countries, but have been shown to be more severe in developing than in industrialised economies, thereby increasing inequality between countries . Further, extreme weather events have increased within-country inequality since poorer people are more exposed and suffer relatively higher well-being losses than richer parts of the population . Going beyond extreme weather events, economic production depends nonlinearly on temperature fluctuations: below a certain threshold temperature, economic production increases with temperature, whereas it decreases above a certain threshold temperature  .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report