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Climate change may quickly affect the global economy, report finds

by Jasmine Garsd

Apr 23, 2021

Swiss Re, one of the world's biggest insurers, projects that by 2050, climate pressures could reduce the world's GDP by 14%.

Rising temperatures, higher sea levels, falling crop yields and wildfires are also likely to reduce global wealth significantly by 2050.

Samuel Corum/Getty Images

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