UN Warns of 'Supersized' El Niño Threatening Global Economy and Markets Until Early 2027

UN Secretary-General António Guterres has warned that the El Niño climate phenomenon is intensifying into a 'supersized' event, placing the world in a 'danger zone of extreme weather.' This powerful El Niño is expected to last until at least February 2027, bringing an increased risk of floods, droughts, and extreme heat globally. The UN's World Meteorological Organization Secretary-General Celeste Saulo stated that the event has the potential to deliver a 'massive blow to communities and economies across the world,' impacting commodity prices and potentially disrupting energy generation and supply chains.