El Niño events are associated with severe weather disruptions, including droughts, floods, and economic losses. Regions like Australia and Indonesia may face prolonged droughts, while South America could experience intense flooding. The 2015-16 El Niño caused trillions of dollars in damages, and similar economic impacts are expected if a strong event occurs this year. Additionally, warming-driven changes in ENSO dynamics could lead to more extreme weather swings, such as alternating years of heavy rainfall and drought. These shifts may also begin to affect Europe, which has historically seen limited El Niño influence, potentially causing significant disruptions in the region.