Lloyd’s predicts potential $2.4trn extreme space weather loss
The latest systemic risk scenario from Lloyd’s and the Cambridge Centre of Risk Studies has revealed that the global economy could be exposed to losses of $2.4trn over five years if a solar storm occurred.
The global economic losses were modelled across three severity levels, ranging from $1.2trn in the least severe scenario to $9.1trn in the most extreme, equivalent to a 0.2% to 1.4% reduction in
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