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El Niño will be a $1T 'drag on the economy' in 2027: Here's how the world can prepare

As a powerful El Niño brews, economists are expecting $1 trillion to be erased from the global economy in year-one damage. Peterson Institute for International Economics senior fellow, Cullen Hendrix, sits down with Yahoo Finance's Julie Hyman to explain the various ways this weather phenomenon could impact the global economy. Source: Read the original article […]

By deepak · August 19, 2026 · 1 min read

As a powerful El Niño brews, economists are expecting $1 trillion to be erased from the global economy in year-one damage.

Peterson Institute for International Economics senior fellow, Cullen Hendrix, sits down with Yahoo Finance's Julie Hyman to explain the various ways this weather phenomenon could impact the global economy.

Source: Read the original article on ca.finance.yahoo.com