- The conflict between Ukraine and Russia and the escalation of trade sanctions against China and other nations, according to IMF Managing Director Kristalina Georgieva, could cost the world economy $1.4 trillion.
- According to Georgieva, if we are divided into two trading blocs, the world will lose 1.5% of its GDP.
- She continued, “The sooner the war is over, the better.
IMF chief: Dividing the world economy into two blocs may cost the economy $1.4 trillion.
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