But a 60-fold growth
in global economic output is a sobering prospect — enough to make arguable, at least, Trainer's assessment that «no plausible assumptions regarding technical advance, energy conservation, etc. could show that the problems can be solved...» It's a point echoed by others such as Mark Lynas.
Mr. Trump plans to axe the Trans - Pacific Partnership, an ambitious trade agreement between 12 countries (including the U.S. and Canada) that account for 40 per cent
of global economic output.
Pepsi, Kraft, Coca - Cola, Tyson Foods and McDonald's are Fortune 500 companies that form the backbone of an industry that is worth nearly $ 5 trillion dollars, or around 10 % of
global economic output.
The U.S. - EU economic relationship is already the world's largest, accounting for one third of global goods and services trade and nearly half of
global economic output.
A new report from TEEB (The Economics of Ecosystems and Biodiversity), conducted by Trucost, highlights the scale of the problem: unpriced natural capital (i.e. that which is not taken into account by the global market) was worth $ 7.3 trillion in 2009, equal to 13 percent of that year's
global economic output.
That document said that a temperature increase of 2.5 degrees Celsius since industrialization may lead to losses of as much as 2 percent of
global economic output.
As the climate changes,
global economic output will fall, but most of those economic damages can be avoided with smart policy.
The «welfare losses due to pollution to be more than US$ 4 · 6 trillion per year, which is equivalent to 6 · 2 % of
global economic output.»
The IMF is projecting that
the global economic output will increase 3.5 percent in 2012, which is slightly higher than the 3.3 percent forecast that it delivered in January.