Look Out New Zealand, Here Comes Another Act of God

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  • Droughts in 1998 and 2008 helped send economy into recession
  • Brewing El Nino weather pattern is strongest in 18 years

As if a sharp fall in the price of milk, New Zealand’s biggest export, wasn’t bad enough, the country is now bracing for a summer drought that could further hurt farmers and raise the risk of recession.

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