Pakistan

Monday, April 25, 2022

Permanent Fragmentation of the World Economy Into Geopolitical Blocks

War Dims Global Economic Outlook as Inflation Accelerates
https://blogs.imf.org/2022/04/19/war-dims-global-economic-outlook-as-inflation-accelerates/

"The war also increases the risk of a more permanent fragmentation of the world economy into geopolitical blocks with distinct technology standards, cross-border payment systems, and reserve currencies. Such a tectonic shift would cause long-run efficiency losses, increase volatility and represent a major challenge to the rules-based framework that has governed international and economic relations for the last 75 years."

‘Seismic waves’: IMF cuts global growth forecast over Russia war
https://www.aljazeera.com/economy/2022/4/19/seismic-waves-imf-cuts-global-growth-forecast-over-russia-war

Russia and China threaten 'tectonic shift' in world economy, IMF warns 
https://www.telegraph.co.uk/business/2022/04/19/world-economy-risks-fragmenting-wake-russia-ukraine-war-imf/