Climate change, COVID-19 stoke wildfire's economic risk, Fed says

By comparison, about 25% to 30% of the Southeast's economy faces elevated wildfire risk."The portion of real output produced in (the counties of these states) with elevated exposure increases from $2.1 trillion in 2018 to $4.0 trillion in 2040 in the baseline scenario," the researchers wrote in the regional Fed's latest Economic Letter.