US-China rift threatens global growth – IMF ...News

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US-China rift threatens global growth – IMF
Economic fragmentation could result in long-term global output losses of nearly 2% Intensifying geopolitical tensions could disrupt overseas investment and eventually lead to a protracted loss of 2% of the world’s gross domestic product, the International Monetary Fund (IMF) has warned. According to the organization’s economic outlook on Wednesday, fragmentation risks are rising globally as companies and policymakers are oriented towards moving production home or to “trusted countries.”  Growing trade tensions between investing and recipient countries like the United States and China have reduced the overall bilat

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