The scarcity of rain, increasingly frequent in Brazil, causes the country an estimated annual loss of around R$ 80 billion (US$ 14 billion) in Gross Domestic Product with its effects on energy and food production.
Although the scenario has worsened this year, rainfall has been below expectations since 2012.
The economist behind the calculation, Bráulio Borges, from LCA Consultores and Brazilian Institute of Economics, of the Getulio Vargas Foundation, points out the low intensity of rainfall as one of the factors that contributed to the lost decade of GDP, although it used to be ignored.
The economist concludes that the lack of rain had an accumulated impact equivalent to 17% of GDP from 2012 to 2021.
The World Bank projects that, with global warming, Brazil will remain drier, with rainfall 10% below average in the coming years. The UN climate panel predicts a similar picture.
The biggest loss (R$ 50 billion annually) results from the direct…