Asia-Pacific better prepared to weather El Nino fallout: S&P Global Ratings

Asia-Pacific economies are better prepared to handle El Nino risks, S&P Global Ratings said on August 5. Improved planning and food reserves help the region. “Stronger early preparedness frameworks will keep the overall macroeconomic impact in Asia manageable,” S&P said. India’s large foodgrain stocks should also help contain the potential fallout.