An escalating cold war between US and China would be a blow to global growth, IMF official says

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An escalating cold war between US and China would be a blow to global growth, IMF official says

Pedro Pardo/AFP A brewing US-China cold war could drag global economic growth down as much as 7%, an IMF official said this week.  The emergence of "connector" countries is why the effect of ongoing tensions hasn't been bigger.  Trade fragmentation carries a higher price tag compared to the US-Soviet cold war, the official said.  A more intense cold war between the US and China would have a potentially dire impact on the global economy, accordin…