El Nino Impact on Economy: It is being claimed in a research that this year is going to be very hot. Drought situation is being created in many countries including India. A research published in the El Niño Science Journal has warned that the world’s $ 3 trillion economy may end due to the arrival of El Niño.
Due to El Nino many times the economy of the world including India has been affected and this time also it is feared to come. Global income losses of $4.1 trillion and $5.7 trillion were observed in 1982–83 and 1997, respectively, due to El Nino.
what is el nino
The phenomenon of warming of the sea coast is called El-Nino. To put it more simply, El Nino conditions arise due to changes in sea temperature and atmospheric conditions. When El Nino occurs, the sea level temperature becomes 4 to 5 degrees higher than normal.
The serious effect of El Nino was shown in 2016
It has been said in the research that the arrival of El Nino this year has been predicted at a time when the sea level temperature is at its highest level. The report said that the last time a severe El Niño was observed was in 2016, which was recorded as the warmest year in history.
What will happen with the arrival of El Nino?
The year El Nino occurs, at that time there are problems like devastating floods, crop-destroying, drought, decline in fish population and increase in tropical diseases, due to which money pressure increases and the economy is affected.
3 trillion dollars may stop by 2029
Christopher Callahan, a doctoral candidate at Dartmouth College, said the world is potentially ready for a major El Niño, Business Insider reports. Our results suggest that there will likely be a major economic toll, potentially affecting economic growth in tropical countries for up to a decade. The researcher said that due to the arrival of El Nino, by 2029 the world’s economy could be reduced by 3 trillion dollars.
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