Posted 10/4/2023, 10:00:11 AM
IMF: Commodity Trade Split Could Deal Economic Blow to China
- IMF warns commodity trade fragmentation could severely impact China's economy
- Ukraine war has already disrupted global energy, food, and mineral supplies and raised prices
- IMF outlines hypothetical scenario of world divided into two isolated trading blocs
- In this scenario, China bloc would see much higher prices for critical minerals needed for green transition
- IMF says commodity fragmentation could deal economic blow when growth is already slow
