# The global economy is expected to lose up to 50-percent of its gross domestic product between 2070 and 2090 due to climate change impacts. The Institute and Faculty of Actuaries has warned that current assessments fail to account for severe risks, including migration, and nature breakdown. The report, co-authored with the University of Exeter, highlights the urgent need for decarbonisation, nature restoration, and policy shifts to avoid planetary insolvency, as global temperatures exceeded the 1.5-degree Celcius target in 2024.
Report warns global economy faces 50% GDP loss by 2090 amid climate shocks