The Economic Consequences of a New Cold War
===============
#226688e6 ver:0.17
The IMF warns that the growing division between China and the West could have dire economic consequences. Trade cooperation and global growth are threatened by the fragmentation into US-led Western and China-aligned economic blocs. The cost of worsening divisions could range from 0.2% to 7% of world GDP, hitting low-income countries hardest. To mitigate the impact, diversifying commodity supply and investing in critical mineral recycling are recommended. Preserving gains from open trade and developing digital trade infrastructure are crucial. National leaders must pay attention to prevent a retreat from global rules of engagement. #EconomicConsequences #ColdWar #TradeCooperation #GlobalGrowth...
#newstr #ChinawestDivide #GeopoliticalDivision #EconomicConsequences #TradeCooperation #GlobalGrowth
https://here.news/story/226688e6?ver=0.17
Protecting Global Free Trade in the Face of US Nationalism /
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2024-05-11 08:56:24
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2024-05-11 08:56:24Event JSON
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"content": "The Economic Consequences of a New Cold War\n===============\t\n#226688e6 ver:0.17\n\nThe IMF warns that the growing division between China and the West could have dire economic consequences. Trade cooperation and global growth are threatened by the fragmentation into US-led Western and China-aligned economic blocs. The cost of worsening divisions could range from 0.2% to 7% of world GDP, hitting low-income countries hardest. To mitigate the impact, diversifying commodity supply and investing in critical mineral recycling are recommended. Preserving gains from open trade and developing digital trade infrastructure are crucial. National leaders must pay attention to prevent a retreat from global rules of engagement. #EconomicConsequences #ColdWar #TradeCooperation #GlobalGrowth...\n\n#newstr #ChinawestDivide #GeopoliticalDivision #EconomicConsequences #TradeCooperation #GlobalGrowth \n\n https://here.news/story/226688e6?ver=0.17",
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