Pricier consumer electronics, disrupted global trade and higher U. federal debt are among the major consequences from a potential war on the Korean Peninsula, according to a new report from economic research consultancy Capital Economics.
The prospect of American and South Korean armed forces entering full-blown conflict against North Korea is a last resort for Washington and Seoul — the principal targets of Pyongyang`s nuclear aggression — in their quest to halt the rogue nation`s nuclear development but many believe the risk of military action has grown.
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