El Niño Has Reached a Historical Magnitude. The UN Is Warning About The Impact To Latin American Economies.

Source: International Business Times

A report released by the Economic Commission for Latin America and the Caribbean estimated that an extreme El Niño climate event would, conservatively, cause a decline of at least 2% in the region’s gross domestic product over three years. Getty Images A United Nations commission warned Monday that El Niño is poised to profoundly damage Latin American economies. A report released by the Economic Commission for Latin America and the Caribbean (ECLAC) estimated that an extreme El Niño climate event would, conservatively, cause a decline of at least 2% in the region's gross domestic product over three years.