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Future pandemic could cause $13.6 trln economic loss -Lloyd's of London

Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd's of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd's said on Wednesday. The analysis by Lloyd's and the Cambridge Centre for Risk Studies said that the most severe scenario could cause losses of $41.7 trillion, equivalent to a reduction in global GDP of 1.1%-6.4%.

Bond Investors Await Inflation Data That Could Sway Fed Choice

(Bloomberg) -- Bond traders are on high alert for a fresh dose of inflation data out on Wednesday that could determine whether Federal Reserve officials cut or hold interest rates next week.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a

South Korea Flags Economic Risks as Political Turmoil Rumbles On

(Bloomberg) -- South Korea is facing greater downside economic risks as it tries to mitigate the impact on its currency of the turmoil triggered by last week’s martial law declaration, its finance minister said Wednesday.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Sky