Geomagnetic Storm Blackouts Predicted to Trigger $3 Trillion in Global GDP Losses Over Next Decade
A new study from the World Economic Forum reveals that the next major geomagnetic storm could cause cascading failures across 80% of the global tech supply chain, wiping out $3 trillion in GDP by 2035. The report highlights that unhardened transformers, satellite constellations, and undersea cables remain the biggest vulnerabilities, with only 12% of Fortune 500 companies having completed full risk assessments. CEOs are now being advised to reallocate 5% of annual IT budgets to hardening infrastructure, or face potential 18-month recovery times post-event.