【CNBC】IMF says U.S-China tensions could cost the world about 2% of its output

• The most notable push for “friend-shoring,” the IMF says in its report, is seen in the series of recent bills adopted against the backdrop of rising tensions between the U.S. and China.
• The IMF warns emerging markets are more vulnerable to the shift in foreign investment stemming from geopolitical divides as “they rely more on flows from more geopolitically distant countries.”

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