OSAKA -- The global economy has not embraced decoupling but is showing signs of fragmentation, which would be "very costly" for all, World Trade Organization Director-General Ngozi Okonjo-Iweala said on Sunday.
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WTO chief warns on 'very costly' fragmentation of global economy
War between Israel and Hamas is potential impact, Okonjo-Iweala points out
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If the world decoupled into two trading blocs, the fall in global GDP would be like "losing the whole of the economy of Japan," said WTO Director-General Ngozi Okonjo-Iweala. (Photo by Shigeru Seno)
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