Extreme El Niño Could Cost Latin America 2% of GDP, ECLAC Warns
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11 Articles
Extreme El Niño could cost Latin America 2% of GDP, ECLAC warns
An extreme El Niño event could wipe at least 2% off Latin America and the Caribbean's gross domestic product over three years and push as many as 4.8mn more people into poverty by the end of the decade, ECLAC said in a new report.
Cepal: El Niño could reduce Peru's GDP growth by 4.1 percentage points The biggest economic losses in the face of an extreme El Niño event, called Super Niño, would be concentrated in Ecuador, Peru and Colombia, according to estimates by the Economic Commission for Latin America and the Caribbean (Cepal). In the case of Peru, the real GDP growth rate could be reduced by 4.1 percentage points (pp). For... Read more » This article is original of t…
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There is a 95% probability that a very intense El Niño phenomenon will occur by the end of the year, which could damage the harvests. Mathias Cormann, Secretary General of the OECD, said this during the press conference of presentation of the Interim report of the Economic Outlook. Cormann and the chief economist Stefano Scarpetta explained [...]
There is a 95% probability that a very intense El Niño phenomenon will occur by the end of the year, which could damage the harvests. Mathias Cormann, Secretary General of the OECD, said this during the press conference of presentation of the Interim Report of the Economic Outlook. Cormann and the chief economist Stefano Scarpetta explained [...] The article El Niño and the alarm Ocse: 95% will be very intense, impact on crops and food prices ar…
UN calls on Latin America to act ahead of ‘super’ El Niño climate event
A United Nations commission is urging Latin American governments to take action in the face of an extreme and costly El Niño event. The United Nations Economic Commission for Latin America and the Caribbean warned in a new report released on Monday that the intensifying El Niño Southern Oscillation (ENSO) weather pattern could reduce the gross domestic product of the region by more than 2% over the next three years. The commission is calling o…
Phenomenon could also lead 4.8 million people to poverty in Latin America, according to Cepal's report
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