Alongside their devastating human toll, conflicts impose large & lasting economic costs. Economic activity drops sharply in conflict‑affected economies, down by 3% at onset & reaching cumulative losses of nearly 7% within 5 years. This exceeds the costs of financial crises and severe natural disasters. https://www.imf.org/en/publications/weo/issues/2026/04/14/world-economic-outlook-april-2026?cid=sm-com-x-sm26-WEOEA2026001(IMF)