IMF economist Gita Gopinath warns that widening imbalances between major powers threaten global growth and could spur protectionist policies
Executive summary: Gita Gopinath warned that growing economic imbalances between great powers endanger global growth and encourage protectionism. Such imbalances can trigger trade barriers, disrupt supply chains and raise market volatility, affecting investment and growth prospects worldwide. Gita Gopinath (Harvard professor, former IMF economist),United States,China,European Union,Other major economies Policymakers may debate coordinated fiscal and trade measures to reduce disparities,Defense and security spending could rise as nations seek strategic buffers,Markets may stay sensitive to any new tariff announcements or geopolitical flashpoints.
Gita Gopinath, former IMF chief economist and Harvard professor, highlights that divergent fiscal and trade policies among the United States, China, the EU and other large economies are creating risks to the world expansion. She argues that these disparities increase the temptation for governments to resort to tariffs and subsidies, which could blunt the post‑pandemic recovery. Her remarks come as Europe debates budget discipline while conflicts in Eastern Europe and tensions over Taiwan keep geopolitical stakes high.
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