Super El Niño: How Weather Shocks Ripple Through the Global Economy

A potential Super El Niño could be far more than a weather event. It could become a global supply-side shock, disrupting food production, energy systems, mining, transport and trade while adding to inflation and political instability. In this episode of The Decisive Podcast, adapted from a Sept. 9 S&P Global Market Intelligence client webinar, experts examine how extreme weather could compound existing pressures across Asia-Pacific, Sub-Saharan Africa, Latin America and the wider global economy. Listen to learn: Why a Super El Niño could produce a synchronized shock across agriculture, energy and logistics Why food prices—especially rice, wheat, cocoa, vegetable oil and sugar—are a critical channel into inflation, household spending and policy intervention Where drought, flooding and water stress pose the greatest risks to hydropower, mining, manufacturing and export infrastructure Which markets warrant close monitoring Which indicators companies should monitor over the next 90 days to judge whether risks are stabilizing or escalating More S&P Global Market Intelligence Content: Picture This: Super El Niño Spurs Stagflationary Impulse in the Global Economy Geopolitical Risk Brief: September 2026 Global Economic Outlook: September 2026 For S&P Global subscribers (login required): Impact of super El Niño Super El Niño 2026-27: Impact on Sub-Saharan Africa El Niño 2026–27: Agriculture, macroeconomic and policy implications for APAC Credits: Host: Susan Minio Guests: Justin Valentino, Ahmad Mobeen, Martin Roberts Produced By: Debbie Taylor, Kristen Hallam Edited By: Marz Marcello Published With Assistance From: Feranmi Adeoshun