The head of the International Monetary Fund (IMF), Kristalina Georgieva, warns of the consequences of “fragmentation”of the global economy, in an article published on 22 August. Her message is reminiscent of that issued by the Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, several months ago (see EUROPE B13232A23).
According to Ms Georgieva, rising barriers to trade risk undermining the gains of global economic integration, and global growth will suffer as...