“The Possible Military Conflict in Taiwan: Analysts Warn of Global Economy’s $10 Trillion Loss”

A possible military conflict in Taiwan could harm the global economy by 10%, leading to a $10 trillion loss. Taiwan’s key role in technology production, particularly TSMC chip plant’s $7.4 trillion market cap, contributes to these consequences. In such a scenario, China would be hit hardest with a 40% decrease, followed by mainland China at 16.7%. The US economy would contract by 6.7%, and the global economy would shrink by 10.2%. Countries including South Korea, Japan, and Southeast Asia would also be severely affected.