“IMF says fragmentation could cost global economy up to 7% of GDP”
January 16, 2023
“The International Monetary Fund said that fragmentation could cost the global economy up to 7% of GDP in a new report… The IMF lists a number of factors contributing to increasing global fragmentation, including Russia’s invasion of Ukraine and the Covid-19 pandemic…
The IMF does not expect all countries to feel the impacts of fragmentation equally. Lower-income consumers in advanced economies would no longer have access to cheaper imported goods, according to the report, leaving small, open-market economies particularly vulnerable…”