The economic losses of drought in the world exceed 8 billion dollars

ArabiaWeather.com- A recent study conducted by the American insurance company, On Penfield, showed that the total economic losses associated with drought in the world exceed 8 billion dollars, or about 7.2 billion euros, during the coming months, with the increase of the “El Nino” phenomenon.

The climatic phenomenon associated with the American meteorology “El Nino” is one of the strongest weather phenomena the world has witnessed so far, and the cost of drought in the United States of America amounts to 3 billion dollars due to losses caused by agriculture in the state of California.

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