….could trigger mass migration, higher food prices and deeper fiscal strain across the continent
A potential “super” El Niño weather event, driven by warming Pacific Ocean temperatures, could wipe between $10 billion and $20 billion from the economies of Africa’s hardest-hit countries while triggering mass displacement, higher food prices and increased government borrowing, the African Development Bank (AfDB) has warned.
Anthony Nyong, the AfDB’s director for climate change and green growth, said the climate phenomenon could reduce gross domestic product (GDP) by an average of between 1 percent and 2 percent in the most affected countries, undermining economic growth and stretching already fragile public finances.
“Just this event is going to reduce heavily affected countries’ GDP by 1 percent to 2 percent on average, which is about $10 billion to $20 billion across the continent,” Nyong said.
Meteorologists have warned that the developing weather pattern could become one of
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