World & BusinessThe modeled economic toll of an extreme US-China war over Taiwan
A post citing Bloomberg Economics describes estimated first-year GDP hits of about 9.6% globally and 6.6% in the US under an extreme war scenario.
TLDR
A post cites Bloomberg Economics modeling of an extreme US-China war over Taiwan, with an estimated first-year hit of about 9.6% to global GDP and 6.6% to US GDP. The post identifies semiconductors, trade and financial markets as major channels of economic damage in that scenario.
The modeled economic toll of an extreme US-China war over Taiwan
A post citing Bloomberg Economics describes estimated first-year GDP hits of about 9.6% globally and 6.6% in the US under an extreme war scenario.
TLDR
A post cites Bloomberg Economics modeling of an extreme US-China war over Taiwan, with an estimated first-year hit of about 9.6% to global GDP and 6.6% to US GDP. The post identifies semiconductors, trade and financial markets as major channels of economic damage in that scenario.