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Extreme Weather can lead to 420 billion USD loss in stress test | Norges Bank Investment Management
What would happen to the fund if extreme weather triggered a global food shock? In our latest stress test, we estimate it could wipe around 20% off the fund's value — roughly USD 420 billion. Here's how the scenario unfolds. Extreme weather hits two major food-producing regions at the same time, causing crop failures. Global food prices spike ...
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