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How this year's record El Niño could hit your wallet

Peru’s anchovy industry, the largest single-species fishery in the world, is being rocked by the ongoing El Niño . It’s not the first time the fishery has been impacted by the natural weather phenomenon — El Niño gets its name from Peruvian fishermen. And it’s a stark reminder of the reverberating economic consequences of El Niño events, which can cost the global economy trillions of dollars. 

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