Financial fragmentation: the $6 trillion cost of breaking the "plumbing" of global finance
The global economy is fragmenting, and it could lead to a hit of $6 trillion to GDP worldwide. That's more than the impacts of the COVID-19 pandemic or the 2008 financial crisis.
So what exactly is causing this fragmentation, and can the impacts be mitigated?
Finance industry experts join us to explore the forces of fragmentation and examine a new report by the World Economic Forum and Oliver Wyman, which quantifies its impact and details the consequences on the global economy and emerging markets in particular.
Guests:
Matt Strahan, Private Market Initiatives Lead at the World Economic Forum…
The skinny
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