WTO chief warns against retreat from global trade - Economic Times

WTO Director General Ngozi Okonjo-Iweala told an event hosted by the National Foreign Trade Council that economists estimated that a fragmentation of the global economy could reduce global gross domestic product by 5% in the longer run.

WASHINGTON: Fragmentation of the global economy and a retreat from global trade would make countries more vulnerable to production shocks arising from natural disasters and outbreaks of fatal disease… [+584 chars]

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