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- W3150202210 abstract "The Southern Oscillation Index is 1.2 standard deviations below its mean, suggesting that strong El Nino conditions are present. This Note collects together information and empirical insights on El Nino. El Nino conditions do not by themselves condemn New Zealand’s agricultural sector to a poor season. Serious east coast drought and excessive rainfall in the west does not occur during every El Nino, and regional impacts can vary from one event to the next. Nonetheless, it is appropriate to closely monitor climatic conditions during El Nino, given the heightened risk. Indeed, empirical analysis suggests that an El Nino of the current intensity could subtract something in the order of 0.2 to 0.5 percent from New Zealand’s GDP." @default.
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- W3150202210 date "2015-01-01" @default.
- W3150202210 modified "2023-09-24" @default.
- W3150202210 title "El Niño and its impact on the New Zealand economy" @default.
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