The report, published in June, is part of the “Costs of Inaction and Resource scarcity: consequences for Long-term Economic growth” (CIRCLE) project, which seeks to take into account the feedbacks from environmental pressures and resource scarcity to the economy.
One of the conclusions of this report, which counted with the collaboration of the Joint Research Centre (JRC), was that the projected increase in concentrations of PM2.5 and ozone will lead to substantial effects on the economy. For instance, healthcare costs related to global air pollution are projected to increase from USD 21 billion in 2015 to USD 176 billion in 2060.Also, by 2060, the annual number of lost working days, which affect labour productivity, are projected to reach 3.7 billion (currently around 1.2 billion) at the global level.
Source: https://ec.europa.eu/jrc/