A trillion dollar El Nino shock to the world economy?
Zahra Fakhri.
Should the global economy prepare for another trillion dollar shock?
The upcoming El Nino could become more than a weather phenomenon, and become a factor in disrupting the balance in global markets. Changes in rainfall patterns, drought and disruptions in agricultural production create a chain of consequences that goes beyond the food market.
The increase in the price of agricultural products puts new pressure on inflation; This too, in a situation where the world economy is still dealing with the consequences of war, energy uncertainty and trade disruptions.
The official channel of Donya Akhtaz newspaper.