Article 6AS1K Fragmented world’s rival blocs may risk new cold war, says IMF head

Fragmented world’s rival blocs may risk new cold war, says IMF head

by
Larry Elliott Economics editor
from on (#6AS1K)

Warning from Kristalina Georgieva after G7 explores economic resilience, secure global supply chains and less reliance on China

Fragmentation of the global economy into rival trading blocs runs the risk of prompting a new cold war, the head of the International Monetary Fund has said.

Kristalina Georgieva, the IMF's managing director, said a combination of the Covid pandemic, the war in Ukraine and shortcomings with globalisation had led to a potentially dangerous splintering.

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