El Niño Slams Into a Global Economy Unprepared for More Chaos

El Niño has arrived - and it's on track to be a big one. From transatlantic flight times to Panama Canal shipping delays, to the cost of a candy bar or even just a bottle of soap, its effects can pop up all over the economy. (gift link) www.bloomberg.com/news/article...

El Niño Slams Into a Global Economy Unprepared for More Chaos The last time the world faced such a strong El Niño, in 2015 and 2016, the result was more than $7.8 trillion in lost productivity, with the economic effects continuing to ripple for years afterward... www.bloomberg.com/news/article...

'El Niño Slams Into a Global Economy Unprepared for More Chaos. The last time El Niño emerged from the tropics, in 2023, nearly every corner of the economy felt its impact. …Even soap prices bubbled up, as key ingredients became harder to source.' www.bloomberg.com/news/article...

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🌍 #Macro "Scientists warn a blockbuster weather event risks pushing costs higher for everything from building materials to groceries."

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