The Trillion-Dollar Threat of El Niño on the Global Economy
TL;DR Summary
The upcoming El Niño event could cause a $3 trillion economic loss over the next several years, with low-income tropical countries being hit the hardest, according to a new study. The El Niños of 1982-83 and 1997-98 led to worldwide losses of $4.1 trillion and $5.7 trillion, respectively, which dragged on for more than five years after the climatic events had dissipated. The economic consequences of El Niño are more concentrated in the tropics, but other regions will feel the heat as well.
- The Looming El Niño Could Cost the World Trillions of Dollars WIRED
- El Niño Is Coming—and Global Economies Could Lose Trillions Gizmodo
- El Ninos are far costlier than once thought, in the trillions, study says -- and one's brewing now The Associated Press
- El Niño is getting stronger. That could cost the global economy trillions. The Washington Post
- The global economy loses trillions after an El Niño Axios
- View Full Coverage on Google News
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