Peterson Institute for International Economics Issues Commentary: El Nino Could Drag Down the Global Economy by Almost $700 Billion or $3 Trillion--and the Choice is Ours
July 21, 2026
July 21, 2026
WASHINGTON, July 21 -- The Peterson Institute for International Economics issued the following commentary on July 20, 2026, by senior research staffer Cullen S. Hendrix:
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El Nino could drag down the global economy by almost $700 billion or $3 trillion--and the choice is ours
The US National Weather Service has announced the arrival of an El Nino, the warm phase the Central Pacific warming and cooling cycle that affects weather across the globe. The odd . . .
* * *
El Nino could drag down the global economy by almost $700 billion or $3 trillion--and the choice is ours
The US National Weather Service has announced the arrival of an El Nino, the warm phase the Central Pacific warming and cooling cycle that affects weather across the globe. The odd . . .