Lloyd's of London warning on potential $14.5 trillion global economic loss

Lloyd's of London cautions of $14.5 trillion economic hit in 5 years from geopolitical conflict, emphasizing severe risks of escalating tensions.

Global economy could face losses of $14.5 trillion over 5 years from potential geopolitical conflict, according to Lloyd's of London

Lloyd's of London warns that a hypothetical geopolitical conflict could cost the global economy $14.5 trillion over a five-year period.

The forecast highlights the significant risks posed by escalating geopolitical tensions, with potential widespread economic consequences across various sectors.