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Bloomberg Business: Lloyd’s City Risk Index shows $4.6 trillion GDP is at risk across 301 cities

New model by Cambridge Centre for Risk Studies for Lloyd’s says world cities face expected losses of $4.6 trillion in economic output over the next decade as a result of catastrophes. Lloyd’s City Risk Index encompasses 301 of the world’s leading cities, selected by economic, business and political importance. These cities are responsible for over half of global GDP today, and an estimated two-thirds of the world’s economic output by 2025.

Read the full article [bloomberg.com]