el nino impact on economy – Artifex.News https://artifex.news Stay Connected. Stay Informed. Sat, 22 Aug 2026 06:43:00 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 https://artifex.news/wp-content/uploads/2026/05/cropped-cropped-app-logo-32x32.png el nino impact on economy – Artifex.News https://artifex.news 32 32 U.K. forecasts ‘biggest’ El Nino will smash records, spark hottest year https://artifex.news/article71376734-ece/ Sat, 22 Aug 2026 06:43:00 +0000 https://artifex.news/article71376734-ece/ Read More “U.K. forecasts ‘biggest’ El Nino will smash records, spark hottest year” »

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This year’s El Nino weather pattern will be the biggest in over a century and could make 2027 the hottest year globally, Britain’s national weather agency said on Friday (August 21, 2026).

An El Nino weather event happens when warming sea surface temperatures in the tropical eastern Pacific trigger worldwide changes in winds, atmospheric pressure and rainfall, as well as higher global temperatures overall.

Adam Scaife, head of long-range forecasting at the weather agency, told the BBC: “We are expecting the biggest El Nino for over a century, peaking at something over three degrees – that is unheard of in modern climate records.”

This means Pacific water would heat up more than 3 degrees Celsius above the norm in the coming months.

El Nino occurs when water temperatures rise at least 0.5 degrees Celsius, above the baseline. While it is part of a natural cycle, scientists agree climate change increases its impacts.

A record El Nino would be “adding to the stresses of climate change” following a summer of heatwaves across Europe, the Met Office said in a blog.

Temperatures in the Pacific region are currently running about 2.6 degrees Celsius, above a rolling 30-year average, according to the Climate Brink dashboard based on data from the U.S. National Oceanic and Atmospheric Administration.

The dashboard also aggregates forecasts that put El Nino on course to peak at a 3.9 degrees Celsius, anomaly this November – well above a 3 degrees Celsius anomaly detected in 2015.

“We should be clear that this is an unprecedented event,” British scientist Scaife said in a Met Office blog.

If the forecast is accurate, then 2026 “will far exceed our recent experience of El Nino and its worldwide climate influences”, said the physicist who specialises in climate modelling.

“I have never seen an El Nino signal this intense in our forecasts,” he added, with even a 2C rise considered a “really big event”.

El Nino typically results in drier conditions across southeast Asia, Australia, southern Africa, and northern Brazil, and wetter conditions in the Horn of Africa, the southern United States, Peru and Ecuador.

This year’s anomalous warmth will have particularly strong effects throughout the Tropics, Scaife said.

Forecasters “expect really severe droughts in places like South America, and the West Pacific”, he added.

El Nino is already causing well below normal rainfall in India, the Met Office said.

The weather event is also expected to prompt “increased rainfall and storminess in the autumn here in the U.K. around November time”, Scaife said.

“These are not short-term weather forecasts. We’re talking about really long-term, persistent conditions here,” he stressed.

2027 likely ‘hottest ever’

Since El Nino events drive up the global average temperature, 2027 is now “very likely to replace 2024 as the warmest year on record”, said Nick Dunstone, another Met Office scientist.

In 2024, global temperatures exceeded 1.5C above the preindustrial period, the limit set by international commitments to curb global warming.

Last year was the third hottest on record.

The British forecast for a very strong El Nino was in line with other forecasts: Carlo Buontempo, director of the European Union’s Copernicus Climate Change Service, told AFP in January that 2026 could be “another record-breaking year”.

Peruvian and Ecuadoran fishermen coined the term El Nino (“the boy” or “the Christ Child”) in the 19th century for the arrival of an unusually warm ocean current off the coast that reduced their catch just before Christmas.

This phase of natural climate oscillation between high and low temperatures occurs every two to seven years, according to meteorologists.

There is an opposite cooling pattern called La Nina, and these have alternated in an irregular cycle that has lasted for thousands of years.

Published – August 22, 2026 12:11 pm IST



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El-Nino, below normal monsoon pose risk for growth, inflation outlook in FY27: HDFC Bank MD https://artifex.news/article71210377-ece/ Sat, 11 Jul 2026 14:12:00 +0000 https://artifex.news/article71210377-ece/ Read More “El-Nino, below normal monsoon pose risk for growth, inflation outlook in FY27: HDFC Bank MD” »

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HDFC Bank’s MD & CEO Sashidhar Jagdishan. File
| Photo Credit: Special arrangement

The global macroeconomic environment remained challenging as the lingering impact of the West Asia conflict could weigh on global growth & inflation and the turn towards monetary tightening by major central banks remained a risk for global liquidity and growth, said India’s biggest private sector bank HDFC Bank’s MD & CEO Sashidhar Jagdishan in his message for shareholders in the bank’s latest annual report which was released on Saturday (July 11, 2026).

The volatility in financial markets due to AI related capital flows, any re-emergence of tariff risks or geopolitical tensions remain key risks ahead, he emphasised.

“Despite these uncertainties, India’s growth outlook remains favourable. Proactive policy measures by both the Government and the RBI are also expected to help mitigate external risks to India’s macroeconomic stability, including pressures on the current account and exchange rate,” he mentioned.

He added, “Weather related disruptions like El-Nino along with possibility of a below normal monsoon pose a risk for both the growth and inflation outlook in 2026-27.”

He said “For the banking sector the evolving environment presents both opportunities and challenges. Strong domestic economic fundamentals, sustained retail and MSME credit demand, policy support measures and the government’s emphasis on strengthening domestic manufacturing are expected to support credit growth going forward.”

“At the same time, risks from global trade fragmentation, geo-political tensions and external financial market volatility warrant continued vigilance and prudent risk management across the sector,” he pointed out.

He said while there could be short-term concerns, he remained positive about India as an enduring long term growth story.

“Our country enjoys political stability, policy continuity, a demographic advantage and the ability to operate effectively during times of turbulence. Policy continuity has been manifest in the renewal of the inflation targeting framework for another five years till March 31, 2031,” he said.

In the last three and a half years, the Indian Government has signed nine Free Trade Agreements (FTAs) covering 38 developed economies to foster access to markets that represent a large share of the global GDP, he highlighted. 



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