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International Discord Undercuts Global Growth, Worsens Inflation
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wsj.comThe 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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