Final answer:
Climate change is expected to negatively impact the world economy as it affects various sectors like agriculture, tourism, and infrastructure, as well as increasing the occurrence of severe weather events and the number of climate refugees.
Step-by-step explanation:
The statement that climate change will damage the world economy is largely considered to be true. The impacts of climate change on the world economy are multifaceted, affecting sectors such as agriculture, tourism, and infrastructure. Climate change has been linked to severe weather events such as hurricanes, heat waves, and forest fires that lead to substantial economic losses. In agriculture, higher temperatures and changing precipitation patterns can negatively affect crop growth and yields. Tourism industries, particularly in regions dependent on natural resources like ski resorts and coastal destinations, may suffer as weather patterns change and sea levels rise. Furthermore, an increase in climate refugees seeking habitable climates could strain resources and create social challenges.