Global economy loses $2.2trn to illicit trade – Analyst

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Esteban Giudici, Senior Analyst, Transnational Alliance has said that economic leakages from illicit trade create an annual drain on the global economy of 2.2 trillion dollars, equivalent to three per cent of the world’s economy.

Giudici said this during the 2019 Africa Security Forum (ASF) at Rabat, Morocco on Thursday.

He said data on this activity has previously been scarce, adding that there is mounting evidence of the economic, social and environmental losses it caused.

Continue reading Global economy loses $2.2trn to illicit trade – Analyst at Vanguard News.