Global economy on red alert! Trade routes under threat.

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The London-based insurance and reinsurance company Lloyd's of London predicts that the global economy could face a loss of $14.5 trillion due to increasing geopolitical conflicts over the next five years. The closure of global trade routes and disruptions to major supply chains pose a significant threat to the economy. With 80% of global imports and exports occurring by sea, these risks are further amplified.

"TRADE ROUTES MAY CLOSE"

The British insurance and reinsurance company Lloyd's of London believes that the global economy is at risk of a potential loss of $14.5 trillion over the next five years due to possible geopolitical conflicts. The report published by the company emphasized that increasing geopolitical tensions and potential conflicts could negatively impact global trade, supply chains, and key economic sectors. Lloyd's highlighted the devastating effects of political and military tensions worldwide on economic growth, stating that such conflicts could close major trade routes and lead to a significant contraction in the global economy.

GLOBAL TRADE ROUTES UNDER THREAT

Lloyd's stated, "Since more than 80% of the world's imports and exports (approximately 11 billion tons of goods) occur at sea at any given time, the closure of major trade routes due to a geopolitical conflict is one of the greatest threats to the resources needed for a resilient economy."

HIGH RISK IN CRITICAL SECTORS

This potential impact on the global economy could seriously affect not only imports and exports but also the energy, transportation, and manufacturing sectors. The closure of trade routes could lead to significant disruptions in supply chains and a rapid increase in costs. Experts suggest that such geopolitical risks could have a wide-ranging impact, from job losses worldwide to reduced investment, instability in financial markets, and access issues to energy resources.

$14.5 TRILLION ECONOMIC LOSS

According to Lloyd's estimates, in the event of a potential geopolitical crisis, the global economy could face economic losses of up to $14.5 trillion over the next five years. This loss constitutes a significant portion of the world's GDP and could undermine long-term global growth targets.