Lloyd’s warns political risks on the rise as recession deepens
THE world’s economy is suffering the worst recession for 70 years and with no immediate prospect of recovery, risk specialists at Lloyd’s have warned the pressure is mounting on political systems worldwide.
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In a report on the global recession and political risk, Lloyd’s has identified emerging geopolitical tensions as a substantial threat to global business – including international shipping – amid rapidly deteriorating economic conditions.
Drawn up for the insurance market...
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