El Niño report – June 2016
Despite its ominous name, El Niño is a natural meteorological event that occurs every seven to eight years. While the impacts of this cyclical event are somewhat predictable, the severity of the latest episode and spill-overs into the socio-economic and macroeconomic arenas have been exacerbated by current market conditions. Low commodity prices, slowing global demand, a low-growth environment, and volatile asset prices have left many of the poorest regions extremely vulnerable.
This report explores:
- Overview of El Niño
- Impact and ongoing effects
- Impact on agri commodities
- Effect on Southern African countries
- Country responses
- Opportunities
