Putin's Possible War with NATO Will Cost the World $1.5 Trillion

Europe is currently watching the growth of Russia's military power under President Vladimir Putin. It is trying to combat a threat that was unlikely a few years ago: war with Russia. As Bloomberg writes, Russia is producing artillery shells, drones and missiles at such a rate that it will soon exceed the needs of its troops in Ukraine.

The American media points to one of the reasons why a war between Russia and NATO will not start now. "War on NATO territory remains unlikely – not least because Russia does not yet have the capabilities and probably will not want a war on two fronts“.

For his part, NATO Secretary General Mark Rutte suggested that Russia could attack a member of the alliance within 5 years, which coincides with the forecasts of German Chancellor Friedrich Merz and several European intelligence agencies.

At the same time, as the publication notes, in Denmark the forecast is even more frightening. They believe that Putin could enter a local war with a neighboring country within 6 months (here we mean the Baltic countries) and pose a real threat to one or more NATO countries within 2 years.

"The three Baltic states make up a small part of the European economy, but strategically they are of crucial importance... They occupy a special place in Putin's distorted historical imagination“, the publication notes.

Bloomberg estimates that a war, if it starts, could reduce global output by 1.3%, or $1.5 trillion, in the first year, which is almost equal to the impact of a full-scale invasion of Ukraine. The losses would be much greater if the war spread to other European countries.