WTO Chief Warns US-China Decoupling Could Cut Global GDP by 7%

The head of the World Trade Organization cautions that economic separation between the US and China may lead to a significant global GDP decline.

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Terms & Concepts
  • Decoupling: An economic term describing the process of reducing reliance between two major economies, potentially impacting trade, investment, and GDP.
  • Global GDP: The total monetary value of all goods and services produced worldwide within a specific period.
  • World Trade Organization (WTO): An intergovernmental organization that regulates international trade between nations.