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Global Gdp

All articles tagged with #global gdp

global-economy2 years ago•2 min saved

"Global Impact: The Cost of a Chinese Invasion of Taiwan"

A Chinese invasion of Taiwan could cost the global economy US$10 trillion, equivalent to 10% of global GDP, with potential scenarios including a regional war drawing in the U.S. and a blockade severing Taiwan's trade with the world. The impact would lead to significant GDP declines for Taiwan, China, the U.S., and the world, surpassing losses from past crises such as the COVID-19 pandemic and the global financial crisis. If Taiwan were to face a blockade, the resulting global GDP losses would fall between the levels observed during the global financial crisis and the Gulf War.

via Taiwan News|

#chinese-invasion #economic-impact #global-economy

economy2 years ago•2 min saved

"IMF Official Warns of Economic Fragmentation's Potential 7% Global GDP Cut"

Gita Gopinath, the International Monetary Fund's First Deputy Managing Director, warned that economic fragmentation and shifts in bilateral trade could lead to a "new Cold War," with potential losses of 2.5% to 7% of global GDP. Gopinath highlighted the conflict in Ukraine and U.S.-China tensions as factors contributing to this fragmentation. The COVID-19 pandemic and Russia's invasion of Ukraine have prompted governments to focus on domestic production and "friend-shoring." Gopinath emphasized the need for pragmatic approaches to preserve the benefits of free trade, including "green corridor" agreements for critical minerals and minimum cross-border flows for essential commodities. She also urged countries to narrow national security-based import restrictions and consider alternative suppliers before bringing production home.

via Reuters|

#cold-war #economic-fragmentation #economy

food-and-agriculture2 years ago•3 min saved

The Staggering Price Tag of Our Broken Food System: $12.7 Trillion

The United Nations' Food and Agriculture Organization (FAO) has released a report revealing that the hidden costs of the world's food system amount to $12.7 trillion annually, equivalent to around 10 percent of global GDP. The report highlights the impact on health, society, and the environment embedded in the current food system. The largest hidden costs are associated with diets leading to obesity and non-communicable diseases, followed by environmental impacts. The costs vary significantly between countries, with low-income countries experiencing higher costs related to poverty. The FAO emphasizes the need for government action, individual choices, and responsible behavior from the food industry to address these hidden costs.

via WIRED|

#environmental-impact #food-and-agriculture #food-system

international-relations2 years ago•4 min saved

BRICS-11: A Global Powerhouse Emerges

The BRICS bloc, consisting of Brazil, Russia, India, China, and South Africa, has expanded to include Saudi Arabia, United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina. The economic center of gravity of the expanded group will be commodities, particularly in world energy markets. The political backbone of BRICS is now primarily authoritarian, with only three out of the eleven member states considered "free" according to Freedom House. The combined global GDP of the original five BRICS members accounted for approximately 42 percent of global GDP, which will rise to roughly 50 percent with the new members. However, economic instability and challenges in member countries may hinder the achievement of BRICS goals, including expanding the reach of the New Development Bank and establishing a dollar-alternative currency.

via AIER - Daily Economy News|

#authoritarianism #brics #dollar-dependence