The effect of terrorism on the world: a 10% impact on world GDP

The effect of terrorism on the world: a 10% impact on world GDP

Terrorism continues to be one of the main concerns of society worldwide.  So a number of counter terrorism certificate course is always a need of today’s society .The deaths and destruction caused by this global evil have a direct effect on the economy of our planet. Although the economic impact of terrorism has decreased by 7% worldwide during the past year, it is the third highest trend in history; more than in the first peak recorded in 2001 after the September 11 attacks in New York.

Direct Economic Destruction

Nearly everyone instant and quantifiable crash of violence is bodily obliteration. Terrorists obliterate accessible vegetation, equipment, transport system, workers and other economic resources. On smaller scales, acts of terrorism can explode cafes, churches or roads. The large-scale attacks, the most infamous attacks of September 11, 2001 in the World Trade Center, can destroy billions of Euros in property and kill without meaning thousands of productive workers.

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Increase in uncertainty in the markets

Even if you do not live near terrorist attacks, you may still be adversely affected indirectly. This is because every one kind of market hate doubt, and terrorism create a lot of it . The financial markets closed literally after September 11, and did not really recover until months after the 2003 invasion of Iraq. There is a lot of debate about the depth and omnipresence of the real impact on financial markets. As threats and the publicity of global terrorism continue to rise, markets seem to be increasingly resistant. The real threat of global terrorism from the perspective of an investor is about a broader picture, not about individual incidents . International investment and cooperation are minor in a world full of terrorism.