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Call grows for action on AI, reforms
Financial Express Kochi
|January 24, 2025
GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.
GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday. India and some other emerging economies can bear the biggest burden in the most extreme fragmentation scenario. The report estimated that fragmentation resulting from statecraft policies could cost the global economy $0.6-5.7 trillion—up to 5% of global GDP—due to reduced trade and cross-border capital flows as well as lost economic efficiencies.
Dit verhaal komt uit de January 24, 2025-editie van Financial Express Kochi.
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