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The International Monetary Fund (IMF) has issued a warning about the potential impact of trade divisions between the U.S.-led Western bloc and the China-aligned economic bloc on the global economy. According to IMF Deputy Managing Director Gita Gopinath, these differences pose a threat to global trade cooperation and economic growth, especially in light of recent events such as the global pandemic and Russia's invasion of Ukraine. Gopinath emphasized that countries are increasingly making trade and investment decisions based on economic and national security concerns. This development has disrupted global trade relations in a manner not seen since the Cold War. The warning comes as the U.S. and China continue to navigate their trade relationship and its implications for the global economy.
