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World cannot afford any more policy mistakes: IMF economist

Gita Gopinath says trade war escalation will be dangerous for the global economy

Gita Gopinath, chief economist at the International Monetary Fund, speaks during a news conference in Santiago, Chile, on July 23.   © Reuters

WASHINGTON -- The International Monetary Fund's chief economist has issued a stern warning about the global economy, saying there is no room for more policy mistakes as growth in 90% of the world is slowing.

Painting a bleak picture, Gita Gopinath said in an interview with Nikkei on Tuesday that there will be an increased chance of a recession if the U.S.-China trade war and other geopolitical risks worsen.

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