WASHINGTON, May 4 — International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday (May 4) that the world may split into rival economic blocs, at a time when global growth is at a historic low both in the near and medium term, reported Sputnik.
"After decades of increasing global integration, there is a growing risk that the world may split into rival economic blocs ... This risk is rising at a time global growth is weak by historical standards — both in the near and medium term," she said at the Brussels Economic Forum.
Such a scenario would be bad for everyone, including for people in Europe, Georgieva added.
— Bernama
