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Global trade at risk: Lloyd’s forecasts over $14 trillion economic fallout from conflicts

Global trade at risk: Lloyd’s forecasts over $14 trillion economic fallout from conflicts

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Lloyd’s of London warns that a potential geopolitical conflict could devastate the global economy, triggering $14.5 trillion (£11.89 trillion) in losses over the next five years and upending global trade.

Lloyd’s new scenario is part of its systemic risk series, designed to provide governments, insurers, and risk managers with crucial insights into the most pressing global threats.

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