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MNI BRIEF: Trade Fragmentation Could Cut Global GDP 9%-Lagarde

European Central Bank President Christine Lagarde speaks to Le Monde.

MNI (LONDON) - Increased fragmentation of world trade as a result of the U.S. elections could cut global GDP by 9% in an extreme scenario, European Central Bank President Christine Lagarde said in an interview with Le Monde published on Thursday.

 Lagarde said she did not want to give an opinion on the candidates in the election but noted that U.S. international trade policy will have an impact on economic activity in the rest of the world, and primarily on China.

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MNI (LONDON) - Increased fragmentation of world trade as a result of the U.S. elections could cut global GDP by 9% in an extreme scenario, European Central Bank President Christine Lagarde said in an interview with Le Monde published on Thursday.

 Lagarde said she did not want to give an opinion on the candidates in the election but noted that U.S. international trade policy will have an impact on economic activity in the rest of the world, and primarily on China.

Keep reading...Show less