“The water crisis is not so much about a system that is at every moment in crisis or deficit, but about a system that has structural defects that are exposed by weather and ‘unlucky’ events such as technical problems,” said emerging markets economist Peter Attard Montalto of Nomura on Tuesday.
“At present, that has meant a lack of rainfall and record-low levels in dams, combined with high temperatures in some areas,” he said.
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