A fresh World Economic Forum report reveals significant economic risks from increasing geoeconomic fragmentation. The Navigating Global Financial System Fragmentation warns that fragmentation resulting from statecraft policies could reduce global GDP by as much as $5.7 trillion. This potential loss surpasses the economic shocks of the 2008 financial crisis and the COVID-19 pandemic. In an interview with CGTN, Matthew Blake, Head of Financial and Monetary Systems at the WEF, shared his insights on the findings. Blake emphasized the importance of collaboration and strategic foresight to address the risks posed by fragmentation and its far-reaching impacts.