Braking Down The Noise

International Discord Undercuts Global Growth, Worsens Inflation

Western nations face off with China, Russia and Saudi Arabia, amplifying economic threats

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The global economy is once again under strain, but this time without the international cooperation that helped resolve previous post-Cold War crises. Instead, many of the world’s biggest powers are now intent on undermining one another, with unsettling economic implications.

“There is a level of weaponizing the economy that we have not seen for, perhaps, decades,” said Adam Posen, president of the Peterson Institute for International Economics. “You’ve got G-20 economies actively trying to harm other G-20 economies. This is a different world.”

 

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