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Saturday, November 23, 2024

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world economy

IMF’s Gita Gopinath Warns ‘Potential’ Global Trade War Could Slash World Economy by 7%

24 Oct 2024

The International Monetary Fund (IMF) has issued a stark warning regarding the possible economic fallout of a global trade war. According to IMF Deputy Managing Director Gita Gopinath, the world economy could contract by up to 7%, an economic loss equivalent to the combined economies of France and Germany, if...