US-China trade tensions are dampening the prospects for the global economy, according to a top official Growing fragmentation into US-led Western and China-aligned economic blocs threatens trade cooperation and overall global growth, the International Monetary Fund (IMF) has warned. According to IMF Deputy Managing Director Gita Gopinath, who delivered a speech at Stanford University on Tuesday, events such as the pandemic and the Ukraine conflict have hindered world trade in ways not seen since the end of the Cold War. “Increasingly, countries around the world are guided by economic security and national securit
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