Summary of The Financial Cost of Terrorism in Europe

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Financial Cost of Terrorism in Europe summary
Start getting smarter:
or see our plans




  • Eye Opening
  • Overview
  • Hot Topic


Terrorism has profound, multidimensional effects on individuals and society as a whole. For the European Union, the economic losses just from foregone wages from injuries and medical care are staggering. Research finds that, beyond direct costs, terrorist incidents can influence individuals’ patterns of spending and investment. getAbstract recommends this succinct but worthwhile article from the World Economic Forum to anyone interested in the sobering statistics on terrorism’s economic damage.

About the Author

The World Economic Forum is an independent global organization that engages leaders of business, politics, academia and society to improve the state of the world.



Numerous terrorist attacks in Madrid, London, Paris, Brussels and Berlin have made the issue of terrorism an ongoing subject of citizens’ and governments’ attention in the European Union. Extensive media coverage reaches massive audiences that become eyewitnesses to the events, leading to widespread trauma. Terrorist incidents inflict far-reaching psychological damage on people’s quality of life through self-reported reduced levels of happiness and trust in other people and civic institutions. 

This type of exposure can also affect consumer expenditures...

More on this topic

The Evolving Terrorist Threat: Implications for Global Security
The Evolving Terrorist Threat: Implications for Global Security
Why has COVID-19 hit different European Union economies so differently?
EU Recovery Fund
America’s War for the Greater Middle East
The Great Reversal

Related Channels

Comment on this summary