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Lagarde: US-China split may weaken growth and fuel inflation

Por: Associated Press Business April 17, 2023

The fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday.Speaking to the Council on Foreign Relations in New York, Lagarde said that economic data dating to 1900 shows that “geopolitical risks led invariably to higher inflation.”Costs tend to mount, she... + full article



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