Davos 2023: Global Economic Outlook: Is this the End of an Era?
World Economic Forum
00:00
Is the Global Economy Integrated?
If we diversify rationally, because of this adjustment would be low. We put it down to 0.2% of GDP. If we are like an elephant in a China shop and we truss the trade that has been a engine for growth for so many decades, the cost can go up to 7% loss of GDP, $7 trillion. So a great deal of whether we can lift up optimism depends on the people in this room. Be pragmatic, collaborate, do the right thing, keep the global economy integrated for the benefit of all of us.
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