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By Maria Ward-Brennan 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. This scenario was focused on the severe economic consequences that could arise if global trade patterns were disrupted by a major geopolitical conflict. As over 80 per cent of the world’s impor…

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