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Geo-economic fragmentation: economic and financial stability implications

Analysis
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Since the global financial crisis in 2008, there has been a reversal of international economic integration. With policies of strategic autonomy, countries aim to reduce risky foreign strategic and economic dependencies. This has contributed to a trend of geo-economic fragmentation. Increased fragmentation often translates into more trade restrictions between countries or world regions and into less multilateral agreements. This has consequences for economic growth, inflation and financial stability through various channels.

Published: 08 December 2023

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DNB Analysis - Geo-economic fragmentation: economic and financial stability implications

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