War Over Taiwan Would Cost World Economy $10 Trillion

Wall Street investors to military planners are assessing potential scenarios for Taiwan’s future as elections scheduled for Jan. 13 deliver a prospective new flashpoint in cross-Strait relations. Modeling by Bloomberg Economics estimates that a war over Taiwan would deliver a $10 trillion shock to the world economy, equal to about 10% of global GDP — a larger blow than the Ukraine war, Covid pandemic and Global Financial Crisis.

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