Intense drought or flash floods can shock the global economy

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Rainfall extremes affected manufacturing and services sectors more than agriculture.

That’s in part because previous studies looking at a possible connection between rainfall and productivity have focused on changes in yearly precipitation, a timeframe that “is just too coarse to really describe what’s actually happening [in] the economy,” Kotz says. Such studies showed that more rain in a given year was basically beneficial, which makes sense in that having more water available is good for agriculture and other human activities, he adds.

In the new study, Kotz and his colleagues looked at three timescales — annual, monthly and daily rainfall — and examined what happened to economic output for time periods in which the rainfall deviated from average historical values. In particular, Kotz says, they introduced two new measures not considered in previous studies: the amount of rainy days that a region gets in a year and extreme daily rainfall.

The disparity over which regions are hit hardest is “at odds with the conventional wisdom” — and with some previous studies — that agriculture is vulnerable to extreme rainfall, writes Xin-Zhong Liang, an atmospheric scientist at the University of Maryland in College Park, in. Researchers may need to incorporate other factors in future assessments, such as growth stages of crops, land drainage or irrigation, in order to really understand how these extremes affect agriculture, Liang writes.

“That was definitely surprising for us as well,” Kotz says. Although the study doesn’t specifically try to answer why manufacturing and services were so affected, it makes intuitive sense, he says. Flooding, for example, can damage infrastructure and disrupt transportation, effects that can then propagate along supply chains.

Including daily and monthly rainfall extremes in this type of analysis was “an important innovation” because it revealed new economic vulnerabilities, says Tamma Carleton, an environmental economist at the University of California, Santa Barbara, who was not involved in the new work. However, Carleton says, “the findings in the paper are not yet conclusive on who is most vulnerable and why, and instead raise many important questions for future research to unpack.

 

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This is more the fault of aquatic warming and not atmospheric warming. Few understand this reality. It is thermal contamination combined with altered normal healthy aquatic conduction values that has altered the climate & triggered the rapid rate of melt-off of the ice & snow pac

Yep!...energize the atmosphere and one day you will realize, that it can kill you.

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