Growing Geopolitical Divide Threatens Trade and Investment, Warns IMF Official
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#226688e6 ver:0.16
The growing geopolitical divide between China and the West threatens global trade and investment, warns IMF official Gita Gopinath. The world is divided into China-leaning, US-leaning, and nonaligned blocs, hindering trade cooperation and global growth. The cost of worsening divisions could range from 0.2% to 7% of world GDP, with low-income countries being hit hardest. To mitigate fragmentation, diversify commodity supply, invest in critical mineral recycling, and develop digital trade infrastructure. Preserving open trade and fostering partnerships is crucial for a stable and inclusive global economy. #Geopolitics #Trade #GlobalEconomy...
#newstr #Imf #Trade #Investment #ChinawestDivide #GlobalEconomy
https://here.news/story/226688e6?ver=0.16
Protecting Global Free Trade in the Face of US Nationalism /
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2024-05-09 06:56:03
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2024-05-09 06:56:03Event JSON
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"content": "Growing Geopolitical Divide Threatens Trade and Investment, Warns IMF Official\n===============\t\n#226688e6 ver:0.16\n\nThe growing geopolitical divide between China and the West threatens global trade and investment, warns IMF official Gita Gopinath. The world is divided into China-leaning, US-leaning, and nonaligned blocs, hindering trade cooperation and global growth. The cost of worsening divisions could range from 0.2% to 7% of world GDP, with low-income countries being hit hardest. To mitigate fragmentation, diversify commodity supply, invest in critical mineral recycling, and develop digital trade infrastructure. Preserving open trade and fostering partnerships is crucial for a stable and inclusive global economy. #Geopolitics #Trade #GlobalEconomy...\n\n#newstr #Imf #Trade #Investment #ChinawestDivide #GlobalEconomy \n\n https://here.news/story/226688e6?ver=0.16",
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