Return of El Nino threatens new levels of economic destruction

Bloomberg/Ben Sharples/Brian K Sullivan, Eric Roston and Adrian Leung/6-12-2023

“As the world struggles to recover from Covid-19 and Russia’s war in Ukraine grinds on, the arrival of the first El Niño in almost four years foreshadows new damage to an already fragile global economy.”

USAGOLD note: One economist says that with the world already dealing with inflation and recession risk, “El Nino comes at exactly the wrong time.” This article will bring you up to date on the economic impact of the El Nino weather pattern.