A ‘super’ El Nino is forming: what is it, and what’s coming?

El Nino is back and could grow to peak strength. The effects of a powerful El Nino forming in the Pacific Ocean could be profound – ranging from increased droughts and floods in Southeast Asia, to wildfire rises across much of Australia, more rainfall in the Americas and intensified super typhoons in Hong Kong and southern China. What is the expected timeline for the phenomenon in the tropical Pacific? What are the economic risks? And why is regional preparedness dangerously uneven?