Geo-Economic Fragmentation and the Future of Multilateralism

Geo-Economic Fragmentation and the Future of Multilateralism

Experts from the International Monetary Fund (IMF) analyzed the consequences of a possible fragmentation of the global economy.

Thus, according to the IMF, the losses of the world economy from breaking value chains can range from 0.2% to 7% of global GDP (for some countries up to 8-12% of GDP), depending on the extent of the break in economic ties.

Severing global technological ties will exacerbate potential losses.

The Fund's experts conclude that it is necessary to increase the sustainability of the existing system of multilateral cooperation in trade and the financial sector. At the same time, the main emphasis is placed on the problem of restoring trust between countries, which is difficult in the context of geopolitical turbulence.

Print   Email

Website of the Accounts Chamber of the Russian Federation International Activities

Privacy Policy

We use cookies and collect technical impersonal information about you to improve the performance of our website. You can find a detailed description of how we use your data information in our Privacy Policy. For a detailed description of the technologies, please see the Cookie and Automatic Logging Policy. By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal. You can withdraw your consent using the method specified in the Privacy Policy.