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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