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The Conversation
S. Mehmet Ozsoy, Assistant Professor of Finance, Concordia University

Droughts don’t just dry up water — they drain livelihoods and weaken local economies

Unlike hurricanes and floods, which arrive suddenly and tend to dominate headlines with dramatic images of wrecked homes and submerged towns, droughts are often overlooked by media, governments and markets because they unfold more slowly.

Their gradual toll on fields, reservoirs and rural communities tends to be overshadowed by flashier disasters, but their consequences are no less severe.

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