What is the estimated financial impact of trade conflicts in billions?
CLEAN : Trade wars could shrink global economy by $700 bn: IMF's Georgieva
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10th Grade - University
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Hard
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The video discusses the potential economic impact of trade wars on the global economy, estimating cumulative losses of around $700 billion by 2020, which is approximately 0.8% of global GDP. This highlights the significant effect trade conflicts can have on global economic stability.
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the cumulative losses of trade conflicts projected to be by 2020?
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3.
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3 mins • 1 pt
What percentage of global GDP do the projected losses represent?
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4.
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3 mins • 1 pt
How significant are the projected losses in the context of the global economy?
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5.
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What does the phrase 'not something to sniff at' imply about the projected losses?
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