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Geoeconomic Fragmentation To Cut Off Upto 7% Of Global GDP: IMF Staff

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Geoeconomic fragmentation would cost the global economy up to 7 percent of economic output and this could go up to 12 percent in some countries in case of additional technological decoupling, the staff report from the International Monetary Fund showed Monday.

IMF staff cautioned that the world is facing the risk of policy-driven geoeconomic fragmentation after several decades of increasing global economic integration.

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