The World Trade Organization warned that fragmentation of the global trade system could trigger major economic losses, with global GDP potentially falling 6.9% if the system breaks into multiple free trade zones.
A split into geopolitical blocs could reduce global GDP by 5.1%, while reforming and expanding the trade system could lift global GDP by 2.9%, the WTO said.
WTO Warns Trade Fragmentation Could Cut Global GDP by 6.9%
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