Tokyo is the global city facing most risks to its annual economic output, due to its proximity to North Korea, according to an index compiled by the Lloyd’s of London insurance market. New York ranks second in the risk index at nearly $15 billion in annual GDP at risk,
Tokyo is the global city facing most risks to its annual economic output, due to its proximity to North Korea, according to an index compiled by the Lloyd’s of London insurance market.
New York ranks second in the risk index at nearly $15 billion in annual GDP at risk, with a possible stock market crash its biggest threat.
Potential threats include everything from rare events, such as earthquakes, to more frequent concerns, such as cyber attacks.
The 279 cities in the Lloyd’s City Risk Index have a combined gross domestic product of $35 trillion and risk losing$547 billion in economic output annually as a result of 22 threats ranging from interstate conflicts to tropical storms, the index showed on Wednesday.
More than $24 billion annually in gross domestic product is at risk in Tokyo, with interstate conflict the city’s biggest threat.
