El Niño to erase $1 trillion from global economy in 2027, economists project

AI digestMimile.ai EditorialAugust 19, 2026 at 06:00 PM

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El Niño to erase $1 trillion from global economy in 2027, economists project

Economists project El Niño will erase $1 trillion from the global economy in 2027. Peterson Institute senior fellow Cullen Hendrix outlined the expected economic damage in a Yahoo Finance interview.

Key Facts

Economists expect El Niño to erase $1 trillion from the global economy in 2027.
Peterson Institute for International Economics senior fellow Cullen Hendrix discussed the forecast with Yahoo Finance's Julie Hyman.

Economic Impact Forecast

Economists project that El Niño will erase $1 trillion from the global economy in 2027. The Peterson Institute for International Economics senior fellow Cullen Hendrix outlined the potential damage in an interview with Yahoo Finance.

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El Niño to erase $1 trillion from global economy in 2027, economists project

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Yahoo Finance

Environment

Australian climatologist projects 2027 as hottest year on record

Australian climatologist Andrea Taschetto projects that 2027 will become the hottest year on record due to record ocean heating and a peak El Niño event. The forecast follows May 2026 becoming the warmest May for global sea surface temperatures since records began.

Environment

Super El Niño 90% likely to be strongest on record, climate scientist warns

A prominent climate researcher projects a 90% chance that the 2026-2027 El Niño will become the strongest ever recorded, with Pacific temperatures rising up to 3.6°C above average. The event could bring unprecedented temperature extremes and disrupt weather globally, particularly affecting vulnerable communities in East Africa and Asia.

Business

AlphaSense review finds 478 companies mentioned El Niño, highest since 2019

An AlphaSense review of 1,443 corporate documents from May 1 to August 4 found 478 companies mentioned El Niño, the highest since 2019. Indian companies accounted for nearly 900 of the documents, almost 10 times U.S.-based firms, followed by the Philippines, Malaysia and Brazil. Companies in food, chemicals and banking are focused on exposure and contingency planning rather than clear sales or earnings estimates.

Environment

Researchers warn super El Niño could push Amazon past tipping point

Scientists warn that a developing super El Niño could push the Amazon rainforest past its tipping point, triggering irreversible decline. The climate pattern, expected to become one of the strongest in 150 years, comes after severe 2023-24 droughts and fires that weakened the forest.

El Niño to erase $1 trillion from global economy in 2027, economists project

Key Facts

Economic Impact Forecast

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