ClimateNotableReportedDeveloping
5.3
El Niño drought tests Colombian agriculture; credit and insurance gaps persist
El EspectadorLO·CO·1 day ago
Prolonged drought and El Niño effects in Honduras have escalated from an agricultural threat to a macroeconomic risk, with projections of a 1% GDP growth reduction. The impact is expected to propagate from crops to the broader economy, though the exact transmission channels and duration remain uncertain. This underscores the growing economic vulnerability of Central American economies to climate shocks.