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WTO Warns Global GDP Could Fall 6.9% If Trade System Fragments
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The World Trade Organization (WTO) has issued a warning that fragmentation of the global trading system into multiple free-trade blocs would result in substantial economic losses. According to the WTO's analysis, such a scenario could cause global gross domestic product (GDP) to decline by 6.9%. The forecast underscores the significant economic risks associated with the breakdown of the current multilateral trading framework, highlighting potential costs from reduced trade flows, disrupted supply chains, and diminished economic integration. The warning comes amid rising geopolitical tensions and protectionist policies that threaten to splinter global commerce into competing regional blocs.
Source report
The World Trade Organization (WTO) has issued a warning that a fragmented global trade system would lead to significant economic losses.
According to the WTO, if the current global system were to break apart into multiple free-trade blocs, global GDP could decline by 6.9%.
Source
金十数据Neutral / independent
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WTO warns global trade fragmentation could cut world GDP by 6.9 percent