El Nino’s coming back — and could cost the global economy trillions
The return of El Niño is expected to cause significant disruptions in agriculture, infrastructure, and productivity worldwide, according to economists. This weather pattern could lead to severe economic consequences, potentially costing trillions globally. The implications are profound, as El Niño's impact on climate systems can trigger extreme weather events, affecting everything from crop yields to supply chains. While oil's threat to the global economy may be waning, the return of El Niño marks a new, potentially more disruptive risk on the horizon.
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