News release: “Terrorist activity, the number of conflicts fought, and the number of refugees and displaced persons were the key contributors to the continuing deterioration in global peacefulness last year. This confirms a seven year gradual, but significant downward slide, which overturns a 60-year trend of increasing global peacefulness dating back to the end of the Second World War. The economic impact of containing and dealing with the consequences of global violence last year was estimated to be US$9.8 trillion, according to the latest Global Peace Index (GPI) released June 18, 2014. This is equivalent to 11.3% of global GDP – equal to twice the size of the 54 countries in the African economy. Steve Killelea, founder and Executive Chairman of the IEP observed, “Many macro factors have driven the deterioration in peace over the last seven years including the continued economic repercussions of the Global Financial Crisis, the reverberations of the Arab Spring, and the continued spread of terrorism. As these effects are likely to continue into the near future; a strong rebound in peace is unlikely. “This is resulting in very real costs to the world economy; increases in the global economic impact of violence and its containment are equivalent to 19% of global economic growth from 2012 to 2013. To put this in perspective, this is around $1,350 per person. The danger is that we fall into a negative cycle: low economic growth leads to higher levels of violence, the containment of which produces lower economic growth.” The Institute for Economics and Peace (IEP), which produces the report, has also developed new statistical modelling techniques to identify the 10 countries most threatened by increased levels of unrest and violence in the next two years. These models have a 90% historical accuracy. Countries with higher levels of risk include Zambia, Haiti, Argentina, Chad, Bosnia and Herzegovina, Nepal, Burundi, Georgia, Liberia and World Cup 2022 host Qatar.”
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