Swiss RE: World economy set to lose up to 18% GDP from climate change if no action taken, reveals Swiss Re Institute’s stress-test analysis

• New Climate Economics Index stress-tests how climate change will impact 48 countries, representing 90% of world economy, and ranks their overall climate resilience
   
• Expected global GDP impact by 2050 under different scenarios compared to a world without climate change:
  -18% if no mitigating actions are taken (3.2°C increase);
  -14% if some mitigating actions are taken (2.6°C increase);
  -11% if further mitigating actions are taken (2°C increase);
  -4% if Paris Agreement targets are met (below 2°C increase)
   
• Economies in Asia would be hardest hit, with China at risk of losing nearly 24% of its GDP in a severe scenario, while the world’s biggest economy, the US, stands to lose close to 10%, and Europe almost 11%

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