Newsweek, on Climate, 10 November 2026
We do not republish articles from Newsweek. Our findings are below, each quoting the words it is about. Read the full article on the outlet's own site.
Read the original article on newsweek.com (opens in a new tab)Newsweek reports a UN agency estimate that the current El Niño could cost the global economy about $11 trillion, and a San Francisco Fed analysis of its likely effects on US prices and jobs. The article attributes both estimates to their sources, gives the range behind the headline figure and the Fed's own caveats, and places the event on an already-warming planet. Nothing in it misleads the reader.
“was based on earlier strong El Niño events, with estimates ranging from roughly $7 trillion to $14 trillion”
Newsweek gives the basis and the full range behind the $11 trillion figure, so the reader does not take a modelled estimate as a fixed number.
“it could raise temperatures on an already-warming planet”
The article places a natural climate pattern in the context of ongoing warming. It does not present El Niño as the whole story.
“available data include a limited number of very strong El Niño events, that the current economic environment is different from historical events, and that El Niño forecasts are themselves inherently uncertain”
Newsweek keeps the Fed's own stated limits on its findings, so the price and employment projections are not overstated.
Spot something we missed? Report this article