The Economic Consequences of a New Cold War: A Higher Price to Pay
===============
#226688e6 ver:0.19
The IMF warns that the growing division between China and the West could have dire economic consequences, threatening global trade cooperation and growth. The world is now divided into China-leaning, US-leaning, and nonaligned blocs, with trade between China-aligned and US-aligned blocs declining. The cost of worsening divisions could range from 0.2% to 7% of world GDP, hitting low-income countries hardest. To mitigate fragmentation, diversifying commodity supply and investing in critical mineral recycling are recommended. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China economies is a topic of discussion, with significant implications for global supply chains and economic growth. #EconomicConsequences #ColdWar #TradeFragmentation #Decoupling...
#newstr #UschinaRelations #EconomicDecoupling #GlobalEconomy
https://here.news/story/226688e6?ver=0.19
Protecting Global Free Trade in the Face of US Nationalism /
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2024-05-19 04:58:45
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2024-05-19 04:58:45Event JSON
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"content": "The Economic Consequences of a New Cold War: A Higher Price to Pay\n===============\t\n#226688e6 ver:0.19\n\nThe IMF warns that the growing division between China and the West could have dire economic consequences, threatening global trade cooperation and growth. The world is now divided into China-leaning, US-leaning, and nonaligned blocs, with trade between China-aligned and US-aligned blocs declining. The cost of worsening divisions could range from 0.2% to 7% of world GDP, hitting low-income countries hardest. To mitigate fragmentation, diversifying commodity supply and investing in critical mineral recycling are recommended. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China economies is a topic of discussion, with significant implications for global supply chains and economic growth. #EconomicConsequences #ColdWar #TradeFragmentation #Decoupling...\n\n#newstr #UschinaRelations #EconomicDecoupling #GlobalEconomy \n\n https://here.news/story/226688e6?ver=0.19",
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