Global counterfeiting and piracy to reach $4.2 trillion
February 7, 2017
A report from Frontier Economics indicates that the global economic value of counterfeiting and piracy could reach $2.3 trillion (€2.15tn) by 2022. The report – Economic Impacts of Counterfeiting and Piracy – provides estimates on the wider social and economic impacts on displaced economic activity, investment, public fiscal losses and criminal enforcement, and concludes that these costs could reach an estimated $1.9 trillion by 2022. Taken together, the negative impacts of counterfeiting and piracy are projected to drain $4.2 trillion from the global economy and put 5.4 million legitimate jobs at risk by 2022.
The report was
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