Terror attacks a growing economic threat — G20 ministersCHENGDU, China: Increasingly frequent terrorist attacks are becoming a growing threat to the global economy, finance chiefs from the world’s leading economies said Sunday. “The world has already experienced terrorist attacks, the world experiences regional destabilizations,” he told Agence France-Presse. In a report ahead of the G20 meeting, IMF staff cited terrorism as an “ongoing concern,” among others including geopolitical tensions, climate-related factors and diseases. Earlier this month 84 people were killed in Nice when a Tunisian truck driver — suspected to be inspired by the Islamic State jihadist group — plowed a 19-ton vehicle through a holiday crowd. France’s finance minister Michel Sapin said the concept of terrorism as an economic risk itself was new, but its inclusion in economic analyses was now “normal”.

Source: Manila Times July 24, 2016 09:22 UTC