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    <title>Economic cost of fragmentation can exceed those 2008 financial crisis, COVID pandemic: WEF report</title>
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    <description>Rising geo-economic fragmentation from statecraft measures - including sanctions, subsidies, industrial policies and parallel financial architectures - can materially reduce trade and cross-border capital flows, lower GDP growth and increase inflation. A full financial decoupling would force unaligned countries to rely on single dominant partners, disproportionately harming emerging markets. The report urges adoption of economic statecraft focused on cooperation, resilience and policy coordination to mitigate adverse effects on living costs and growth.</description>
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