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Climate Central’s Andrew Freedman recently reported on the U.S. Drought Monitor’s latest numbers, which reveal that “all categories of drought increased across the country between Nov. 20-27, with the largest increase occurring in an area from Alabama northeastward to Virginia.” Freedman also reports on a recent statement by Deutsche Bank Securities’ chief U.S. economist, Joseph LaVorgna, who predicted that “the drought will be responsible for a 0.5 to 1 percent drop in U.S. gross domestic product this year, a significant drop considering the relatively slow pace of growth throughout the year.”
Also, as we have written previously, the drought may have worrying security implications for other countries that are tied to the U.S. through the global food market. And given that a number of these countries have themselves experienced major droughts recently (Russia, Ukraine, Kazakhstan, Spain, Argentina), this prolonged U.S. drought could have serious global consequences.