WTO warns global economy could lose 5% of GDP ...News

The world’s decoupling into two trading blocs could be destructive, according to Ngozi Okonjo-Iweala The global economy is showing signs of fragmentation, which could be “very costly” for all, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has warned. In an interview with Nikkei on Sunday, the WTO chief voiced concerns about the escalation of the Israel-Hamas conflict and its potential impact on global growth if it spills over to the wider Middle East. “That is one of the regions where a lot of the world’s oil and gas comes out of,” Okonjo-Iweala pointed out. “So inevitably this will have an i

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