WTO Report Warns Trade Fragmentation Could Cost 5-10% of Global GDP by 2050

Cointime update: The Chinese edition of the 2026 World Trade Report was released on November 6 at a forum during the ninth Hongqiao International Economic Forum. Ma Jianchun, president of the China Society for WTO Studies, said the report’s simulations warn that unchecked fragmentation of the trade system could cost the world the equivalent of 5% to 10% of global real GDP in lost potential growth by 2050. He called for repairing and upgrading the WTO-centered multilateral framework.