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Cost of peace: Global economy missing out on $2.2 trillion due to US-Iran war
The global economy is missing about $2.2 trillion in annual gross domestic product because of the US-Iran war, and that sum would increase the longer the conflict drags on, a new study has found. The figure, measured in terms of purchasing power parity (PPP), represents the loss resulting from the gap between two scenarios that do not involve an immediate end to the war, the Institute for Economics and Peace said in its Global Peace Index 2026 report, released on Tuesday. [...]