People fish along exposed banks, due to low water levels on Tri An Lake in Vinh Cuu, Dong Nai Province, Vietnam, on May 30. Major hydropower reservoirs in Vietnam are facing severe water shortages for the rest of the dry season due to El Niño, heat waves and drought.
Mandatory Credit: Linh Pham/Bloomberg/Getty Images
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Climate event El Niño could hit the economy from food prices to clothing sales this year
Earlier this month, scientists at the US National Oceanic and Atmospheric Administration (NOAA) confirmed that the climate event known as El Niño has officially emerged for the first time in more than four years, and it’s expected to be strong this time around.
