Risk management has reduced vulnerability to floods and droughts globally1,2, yet their impacts are still increasing3. An improved understanding of the causes of changing impacts is therefore needed, but has been hampered by a lack of empirical data4,5. On the basis of a global dataset of 45 pairs of events that occurred within the same area, we show that risk management generally reduces the impacts of floods and droughts but faces difficulties in reducing the impacts of unprecedented events of a magnitude not previously experienced. If the second event was much more hazardous than the first, its impact was almost always higher. This is because management was not designed to deal with such extreme events: for example, they exceeded the design levels of levees and reservoirs. In two success stories, the impact of the second, more hazardous, event was lower, as a result of improved risk management governance and high investment in integrated management. The observed difficulty of managing unprecedented events is alarming, given that more extreme hydrological events are projected owing to climate change3.

Central Europe has experienced a severe drought almost every April for the last 14 years consecutively, driven by record high temperatures, low flows, high evapotranspiration, and high soil moisture deficit. The dynamic of this recent and recurrent mid-spring dryness is not yet understood. Here we show that the period 2007–2020 was characterized by a reduction of ~50% of the usual April rainfall amount over large areas in central Europe. The precipitation deficit and the record high temperatures were triggered by a multiyear recurrent high-pressure system centered over the North Sea and northern Germany and a decline in the temperature gradient between the Arctic region and the mid-latitudes, which diverted the Atlantic storm tracks northward. From a long-term perspective, the precipitation, temperature, and soil moisture anomalies observed over the last 14 years have reached the highest amplitudes over the observational record. Our study provides an in-depth analysis of the hydroclimate extremes in central Europe over the last 140 years and their atmospheric drivers, enabling us to increase our dynamical understating of long-term dry periods, which is vital to enhance forecasting and mitigation of such events.

Megadroughts are notable manifestations of the American Southwest, but not so much of the European climate. By using long-term hydrological and meteorological observations, as well as paleoclimate reconstructions, here we show that central Europe has experienced much longer and severe droughts during the Spörer Minimum (~AD 1400–1480) and Dalton Minimum (~AD 1770–1840), than the ones observed during the 21st century. These two megadroughts appear to be linked with a cold state of the North Atlantic Ocean and enhanced winter atmospheric blocking activity over the British Isles and western part of Europe, concurrent with reduced solar forcing and explosive volcanism. Moreover, we show that the recent drought events (e.g., 2003, 2015, and 2018), are within the range of natural variability and they are not unprecedented over the last millennium.