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The case, targeted at Management Students, Executives, Economists, Business Owners, Geologists, and Meteorologists, discusses El Niño and its economic impact. Termed 'the little boy' in Spanish, El Niño, known as a warm phase of a more significant phenomenon called El Niño-Southern Oscillation (ENSO), was referred to as changes in the direction of winds and the flow of warm water that increases the surface temperature of Pacific Ocean. This had a different impact on droughts or floods worldwide, resulting in massive economic losses. The 1982-83 and 1997-1998 were recorded as the most intense El Niño events of the 20th century. Again, in early June 2023, the US National Oceanic and Atmospheric Administration forecasted that El Niño was underway, generating a worrying repercussion of economic losses in terms of extreme weather, crop losses, flooding, wildfires, and civil unrest. According to estimates, the global economies could pay a whopping USD84 trillion by the end of the 21st century due to El Niño events. But few economists opined that not all countries suffer; a few countries gained too because of El Niño's spill over effects. Given both pros and cons, should the businesses and investors worry about El Niño?