Potential military conflict over Taiwan could reduce global GDP by 10% – Bloomberg

According to analysts, the cost of military action is estimated at about $10 trillion, which is about a tenth of global GDP. This is more than the damage from the war in Ukraine, the COVID pandemic and the global financial crisis.

According to analysts, the cost of military action is estimated at about $10 trillion, which is about a tenth of global GDP. This is more than the damage from the war in Ukraine, the COVID pandemic and the global financial crisis.

This is because Taiwan plays a key role in semiconductor production and the Taiwan Strait is an important route for global trade.