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Citi: El Niño Threatens Global Economy with Costs Up to $7 Trillion · Cyprus Report

Economy · World

Citi: El Niño Threatens Global Economy with Costs Up to $7 Trillion

1 sourceFirst reported 26 days agoUpdated 26 days ago

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Citi reports that El Niño could cause cumulative losses of up to $7 trillion.
Global economic growth is currently estimated at 2.5%, down from 2.9% before the Middle East conflict.
NOAA predicts a greater than 95% chance of El Niño lasting until March 2027.
The intensity of El Niño may lead to severe impacts on agriculture, energy, and supply chains.
Rising temperatures in the tropical Pacific are increasing at the fastest rate since 1943.

Generated by AI from the 1 sources below · always verify with the originals

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All coverage (1)

Citi: Το Ελ Νίνιο απειλεί την παγκόσμια οικονομία με κόστος έως 7 τρισ. δολάριαPhilenews · 26 days ago

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AI summary: catch up in 20 seconds

Citi reports that El Niño could cause cumulative losses of up to $7 trillion.
Global economic growth is currently estimated at 2.5%, down from 2.9% before the Middle East conflict.
NOAA predicts a greater than 95% chance of El Niño lasting until March 2027.
The intensity of El Niño may lead to severe impacts on agriculture, energy, and supply chains.
Rising temperatures in the tropical Pacific are increasing at the fastest rate since 1943.

Generated by AI from the 1 sources below · always verify with the originals