Fynsa
International weather models predict a nearly 90% probability that an El Niño event will develop this winter, with an intensity that could be the strongest in more than a decade. For an economy that is already starting off on a weak footing in 2026, the timing could not be worse.
According to the report, these natural phenomena are among the three greatest short-term risks, along with armed conflicts and disinformation, endangering market stability.
