IMF director says 'economic fragmentation' is growing concern
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Economic fragmentation could cost the world the equivalent of Japan’s economy. Read more about how trade can power growth: https://ow.ly/Htr250QrRik Revitalizing cooperation is necessary for global resilience, growth and security. Davos 2024 aims to boost cooperation in international trade. To join the discussion, follow #wef24 | World Economic Forum
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Geoeconomic fragmentation could fracture the existing flow of capital, goods, and services. Chief Economist Pierre-Olivier Gourinchas explains the risks and costs of disintegration in our latest Analyze This video. https://bit.ly/3bCkZra | International Monetary Fund
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3 ways we can tackle fragmentation where it matters most, according to the IMF
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The International Monetary Fund has been saying that the world has been going into geoeconomic fragmentation. In a note earlier this year, IMF chief Kristalina Georgieva said that at a time when we need more international cooperation on multiple fronts, we are facing the spectre of a new Cold War that could see the world fragment into rival economic blocs. “This would be a collective policy mistake that would leave everyone poorer and less secure. She uses some powerful words as warning – callin
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