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World Economic Forum warns economic fragmentation could cost global economy up to $5.7 trillion.
A new World Economic Forum report warns that increasing economic fragmentation, driven by countries using global financial and trading systems for geopolitical purposes, could cost the global economy up to $5.7 trillion, more than the 2008 financial crisis and the COVID-19 pandemic combined.
This could lead to reduced trade, lower capital flows, and increased inflation by over 5%.
The report calls for policymakers to adopt economic policies that foster global cooperation and resilience to mitigate these impacts.
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El Foro Económico Mundial advierte que la fragmentación económica podría costar a la economía mundial hasta $5,7 billones.