WTO warns weakened trade rules could leave global GDP up to 10pc lower
The warning came in the WTO's annual flagship publication, World Trade Report 2026: A Critical Juncture for the World Trading System, which examines the achievements of the multilateral trading system over the past 80 years and the challenges it now faces...
✨ Key Highlights
The World Trade Organization (WTO) has issued a stark warning that a failure to modernize global trade rules could lead to a significant decrease in global GDP.
- A strengthened multilateral system could see global GDP rise by 2.9% by 2050, while erosion of these rules could cause it to fall by as much as 10%.
- The warning comes from WTO Director-General Ngozi Okonjo-Iweala and is detailed in the World Trade Report 2026.
- The report highlights that while the global trading landscape has evolved, the fundamental principle of cooperation remains vital for global economic prosperity.
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