El Niño slows economy for years, costs trillions: Report ...Middle East

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WASHINGTON: The financial toll of the El Niño phenomenon lingers for years and costs trillions in lost income worldwide, a new research has revealed, reported German news agency (dpa).El Niño describes the warming of surface waters in the eastern Pacific Ocean that alters air and water currents worldwide.Researchers at the United States’ Dartmouth College looked at global economic activity in the decades following the 1982-83 and 1997-98 El Niño events, and found a “persistent signature” of slowed economic growth more than five years later.The study, published in the journal Science, found the global economy bled US$4.1 trillion and US$5.7 trillion in the half-decade after each of the events

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Last updated : 19 May 2023 clock 06:12 AM

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El Niño slows economy for years, costs trillions: Report ...Middle East

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