El Niño Rationing Could Cost $5.6B/Hour; Past Events Cut GDP 0.55%

Analysis warns that electricity rationing driven by El Niño-induced drought could cost up to $5.6 billion per hour, citing historical impacts of 0.55% GDP contraction and 6.2-9.9% food price inflation. The estimate is forward-looking and based on prior episodes, with uncertainty around duration and severity. This signals significant economic and inflationary risk for the affected country.