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Report: Terrorism Is Costing The Global Economy $34 Billion A Year

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CNBC

Terrorism Is Costing The Global Economy $34 Billion A Year, Research Says

by Dan Murphy

  • The total number of deaths from terrorism declined for the fourth consecutive year in 2018, falling by 15.2% on the year to 15,952 — a 53% reduction since its peak in 2014.
  • The primary driver of the reduction in deaths has been a fall in the intensity of conflict in the Middle East, and military successes against terrorist groups like ISIS and Boko Haram.
  • Afghanistan recorded the highest number of terror-related deaths and incidents, with more than 7,000 fatalities and 1,400 terrorist incidents in 2018.

Global terrorism claimed less lives in 2018, but its economic and social impact remains widespread, according to the latest Global Terrorism Index (GTI) from the Institute for Economics and Peace (IEP).

“Although the intensity of terrorism has diminished, its breadth has not,” the Australian-based think tank warned.

Read more: https://www.cnbc.com/2020/01/16/terrorism-is-costing-the-global-economy-34-billion-a-year.html