Lloyd's of London warns $14.5 trillion global economic loss from hypothetical geopolitical conflict mainly due to trade disruptions.

Lloyd's of London warns that a hypothetical geopolitical conflict could result in a $14.5 trillion loss for the global economy over five years, primarily due to trade route disruptions. Such instability affects supply chains and could lead to significant economic consequences for businesses. Insurance options like political risk and war risk coverage are recommended to mitigate these risks. The Ukraine-Russia conflict exemplifies the potential impact on global trade and energy supplies.

October 09, 2024
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