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Source:
USA TODAY
El Niño's severe economic impact
The declaration of an upcoming El Niño climate pattern signals a potentially "very strong" event with significant economic impacts. El Niño, a natural warming of the Pacific Ocean, disrupts global weather, causing droughts, floods, and other disasters that threaten agriculture, infrastructure, and supply chains. Past El Niño events have resulted in trillions of dollars in losses, and current forecasts suggest this one could be the costliest on record, primarily affecting global economic growth over the coming years.
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