El Nino Arrives and Debt Thrives
Sustainability Now
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Introduction
This chapter explores the effects of El Nino on the global economy, including extreme weather events, humanitarian crises, and economic damage. It discusses a paper linking El Nino cycles to a permanent reduction in global GDP and introduces a guest to discuss the effects on grain prices and sovereign debt in specific countries. The chapter also touches on the elevated food prices caused by COVID-related supply chain disruptions and the Russia-Ukraine war.
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