The U.S. National Oceanic and Atmospheric Administration predicts an 81% chance of a very strong El Niño occurring from October to December, potentially exacerbating existing economic strains in emerging markets already affected by geopolitical tensions. Countries such as India, Colombia, and various Southeast Asian nations are particularly vulnerable, with anticipated droughts and heavy rains threatening agricultural output and food prices. Central banks may be compelled to maintain or increase interest rates to combat rising inflation, complicating monetary policy across the region.