Recession fears recede, but inflation's still a big risk - 3 chief economists on the global outlook
Radio Davos
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The Risks of Globalization and Fragmentation
I think what we are seeing is a slower pace of globalization and a major risk that we enter a world that is increasingly fragmented. We've seen across a number of large economies this increased push for industrial policy producing more at home versus abroad. In an environment where inflation has been a key constraint on economic activity, if anything, we should be looking at alternatives that continue to put downward pressure on costs.
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