IMF: Fragmentation could shave up to 7.0% off of global GDP IMF GDP EconomicIndicator Countries
obal Gross Domestic Output up to 7.0% but the losses could reach 8-12% in some countries if technology is also decoupled.“Even limited fragmentation could shave 0.2% off of global GDP, but said more work was needed to assess the estimated costs to the international monetary system and the global financial safety net .”
The unraveling of trade links"would most adversely impact low-income countries and less well-off consumers in advanced economies.”The above report has little to no impact on the market sentiment, reflective of the 0.20% gains in the US S&P 500 futures. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF says fragmentation could cost global economy up to 7% of GDPA severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report.
Read more »
AUD/USD surpasses 0.7000 as USD Index refreshes seven-month low, China’s GDP eyedThe AUD/USD pair has surpassed the psychological resistance of 0.7000 for the first time in the past five months in the Asian session. The Aussie asse
Read more »
Open enrollment for the Affordable Care Act ends SundayThe government says the Affordable Care Act is gaining popularity after federal enhancements reduced the price.
Read more »
Houston Marathon: Full list of road closures for Sunday's raceHere's an overview of streets that will be closed for the Chevron Houston Marathon on Sunday, beginning at 6 a.m. Most streets will reopen between 8:25 a.m. and 2 p.m. as runners finish the course.
Read more »
Mild and dry on Saturday, another storm arrives in Colorado SundaySaturday will be mild and dry day along the Front Range, with partly cloudy skies and highs in the upper 40s to mid 50s. A chance for rain and snow on Sunday
Read more »