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The Independent UK
The Independent UK
National
Paul Wiseman

Lagarde: US-China split may weaken growth and fuel inflation

Christine Lagarde Inflation United States China European Central Bank Europe ECB Economy Euro
Copyright 2023 The Associated Press. All rights reserved

The fragmentation of the world economy into rival blocs led by the United States and China threatens to destabilize global commerce, increase inflation and weaken growth, Christine Lagarde, the president of the European Central Bank, warned Monday.

Speaking to the Council on Foreign Relations in New York, Lagarde said that economic data dating to 1900 shows that “geopolitical risks led invariably to higher inflation."

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