世界经济论坛：2026年分化加剧：全球金融体系碎片化经济成本测算洞察报告（英文版）

The period spanning 2025 and early 2026 marked a turning point in the acceleration of financial system fragmentation In 2025 and 2026, the global policy environment shifted significantly, with finance, trade and economic policy becoming more intertwined. Countries not only raised barriers, but did so in unanticipated ways that have increased risks for firms and countries across the globe. This period represents a turning point in the course of fragmentation, as the United States set out to fu