Trade wars could cost world $6.5tn by 2030 – Swift study
Fragmented financial landscape “benefits no one”, report shows
Economic fragmentation caused by geopolitics is projected to cause GDP losses ranging from 1.2% to 6% by 2030, a study supported by payments network Swift shows.
The report by authors from Economist Impact establishes three scenarios. In the first, the “new normal”, recent trends of declining capital flows continue. In the second scenario, “escalation”, tensions increase and international financial flows decline by twice as much as they have in recent times. In the third scenario – “mitigation” –
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