WTO warns weakened trade rules could leave global GDP up to 10 pct lower

The World Trade Organization's annual report warns that the global trading system is facing its most serious and sustained disruption in decades. Failure to modernize trade rules and a reversion to unilateral trade policies could lead to a reduction of global GDP by as much as 10% and exports by 18.6% by 2050, highlighting the critical juncture for international cooperation.