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CLEAN : Trade wars could shrink global economy by $700 bn: IMF's Georgieva
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Business, Social Studies, Economics
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9th - 10th Grade
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Hard
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The video discusses the potential economic impact of trade wars on the global economy, estimating cumulative losses of around $700 billion by 2020, which is approximately 0.8% of global GDP. This highlights the significant effect trade conflicts can have on global economic stability.
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