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Latin American Economy & Business - July 2014 (ISSN 1741-7430)
REGION: El Niño keeps the region guessing
The El Niño weather pattern – complex, unpredictable, and sometimes provoking severe global agricultural and economic disruptions – may be on its way, shaping up in the eastern Pacific, off the Peruvian coast. On the other hand, latest indications from meteorologists are that a severe El Niño may not be developing this year. Whatever happens is important for Latin American economies, but some analysts say they are now more resilient than they were during the last severe El Niño, which hit in 1997-1998.
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