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World economy at risk of deglobalization

Posted By: tonzal
Date: Tuesday, 2-Aug-2022 10:46:55
www.rumormill.news/204637

BATTLEFORWORLD.COM | August 1, 2022: The IMF (International Monetary Fund), influenced by the United States, has issued a report, that Russia's military operation in Ukraine and the never ending Western sanctions on Moscow might push the global economy into geopolitical fragmentation.

"A serious risk to the medium-term outlook is that the war in Ukraine will contribute to fragmentation of the world economy into geopolitical blocs with distinct technology standards, cross-border payment systems, and reserve currencies," said the report.

This division being pushed by the West, according to the IMF, is going to split and prevent the global community from jointly addressing global problems. (BattleForWorld.com: Meaning, the global community with all their interlocking institutions and organizations that were formed in the process of globalization are collapsing, which is going to challenge the influence of the West.)

And this "Fragmentation may also diminish the effectiveness of multilateral cooperation to address climate change, with the further risk that the current food crisis could become the norm," the report also warns.

The West's motivation behind the sanctions against Russia will eventually result in a drop in Russia's oil exports to the global market, to "decline to zero" Russian gas exports to Europe, and in turn would make "inflation expectations more persistently elevated" across the globe and restrict financial conditions as governments in countries attempt to deal with rising prices as the old world order by the West is dismantled.

And "In this scenario, the shock would have a widespread impact, as higher global commodity prices and tighter monetary and financial conditions would affect almost all countries, albeit to different extents. ..."

Continue at BATTLEFORWORLD.COM

(In the Silent Revolution Of Truth, Compilation Edition, Volume 3, the free PDF book: Download and read: Initiative To Connect Economies Of …70 Countries Outside US Control, page 342. China, Russia…Other Countries Break Free From The US Dollar, page 342. Provocation Of China, page 343. The Conflict With Russia Is Already Backfiring, page 344. Note: Use the page number display located at top right to find the correct page. Free Book, PDF Format – Links: Book Summary | and Download Volume 3 Book)


The fragmenting old world order - globalization.


END

World economy at risk of deglobalization



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AN EXPLANATION OF THE FACTIONS