Geopolitical strife could cost global economy $14.5 tn over 5 yrs: Lloyd's

Insurance market Lloyd's of London said the global economy could lose $14.5 trillion over five years from a hypothetical geopolitical conflict which hits supply chains. "With over 80% of the world's imports and exports...at sea at any given time, the closure of major trade routes due to a...conflict is one of the greatest threats," Lloyd's said.