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Economic fragmentation to have a dire impact: World Economic Forum

'World is facing the worst food insecurity in recent history'

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Photo: Bloomberg

3 min read Last Updated : May 24 2022 | 1:05 AM IST

The World Economic Forum’s Chief Economists Outlook report on Monday warned of dire human consequences from the fragmentation of the global economy and said that developing economies face trade-offs between the risks of debt crisis and securing food and fuel.

While inflation expectations are highest in the US, followed by Europe and Latin America, further declines in real wages are predicted in both high- and low-income economies. Further, the report flagged that the world is facing the worst food insecurity in recent history — especially in the Middle East and North Africa, Sub-Saharan Africa and South Asia.

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