The dreaded news of warming patterns of the El Nino weather conditions comes in the midst of the worst global recession since the Great Depression of the 1920s. The last severe El Nino was in 1998, when the Asian financial crisis was at its peak.
Reports say the 1998 El Nino killed over 2,000 people and caused billions of dollars worth of damage to crops, infrastructure and mines in Australia and Asia.
According to a report from Australia's Bureau of Meteorology on Wednesday, an El Nino weather pattern this year appears almost certain, raising the prospect of drought in Australia and a weaker monsoon in India.
As per the Indian Meteorological Department (IMD), rainfall so far has been well below normal and the onset of monsoon in large rain-dependent agricultural states of central India has been delayed, forcing water levels to fall sharply and hampering irrigation in many parts. The monsoon rains are the lifeblood for farmers in India. Its faltering sugar crop is a prime reason why sugar prices are at their highest levels in three years.
El Nino is driven by an abnormal warming of the eastern Pacific Ocean. The severe drought caused by the deadly cycle of El Nino across the Asia-Pacific region will destroy crops and increase the price of commodities like wheat. Australia is one of the world's biggest wheat producers and has barely recovered from the worst drought in 100 years which hit a few years ago.
The mainstay of Maldivian economy is tourism. The beauty of tranquil Maldives includes the lagoons of crystal clear water surrounding the islands with coral reefs and brightly colored schools of fish. The El Nino of 1998 wreaked havoc on the hard corals of Maldives due to the extensive bleaching. However, these reefs have subsequently recovered showing their resilience to bring back the spectacular colours of marine growth and the bright-coloured fish.
For the global economy still in recession, the El Nino of 2009 could not have come at a worse time.
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