Potential War over Taiwan Could Cost Global Economy $10 Trillion

Taiwan's Upcoming Elections Heighten Global Economic and Security Concerns

A potential war over Taiwan could cost the global economy around $10 trillion, equivalent to about 10% of global GDP, according to Bloomberg Economics.
Taiwan's GDP could contract by 40% in the first year of a war, while China's GDP could shrink by 16.7%.
Other countries most affected by a war over Taiwan could include South Korea and Japan, which could see their growth contract by 23.3% and 13.5% respectively in the first year of the conflict.
Taiwan's upcoming general and presidential elections are being closely watched due to the potential impact on global economy and regional security.
Despite the rising tensions, an imminent Chinese invasion of Taiwan is not considered highly probable.