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WTO: Global GDP Could Fall 5.1% if World Splits Into Blocs, Rise 2.9% if Trade System Reformed
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The World Trade Organization (WTO) has released projections on the future of the global trading system. According to the report, if the global system fragments into geopolitical blocs, global GDP is projected to decline by 5.1%. Conversely, if the trading system is reformed and expanded, global GDP is expected to grow by 2.9%. These contrasting scenarios highlight the significant economic stakes tied to international trade policy and geopolitical cooperation. The forecast underscores the potential costs of deglobalization and the benefits of multilateral trade reform, providing a clear economic rationale for avoiding fragmentation and pursuing inclusive trade agreements.
Source report
The World Trade Organization (WTO) has released projections highlighting the stark economic consequences of global trade system fragmentation versus reform.
- If the global system fragments into geopolitical blocs, global GDP is projected to decline by 5.1%.
- If the trading system is reformed and expanded, global GDP is expected to grow by 2.9%.
Source
金十数据Neutral / independent
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WTO warns global trade fragmentation could cut world GDP by 6.9 percent