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The epoch of economic globalism: is it over?
The alliances of capitalist internationalism that were established in the 1990s and the first decade of the 21st century are rapidly crumbling. What will follow remains a matter of conjecture, writes ZOLTAN ZIGEDY

WHY do the International Monetary Fund (IMF), the World Trade Organisation (WTO) and the World Bank — three of the most highly regarded international economic organisations — project a bleak road ahead for the global economy?

Ominously, the World Bank warns of the possibility of a coming “lost decade” for economic growth.

In January of this year, the World Bank dropped its global growth projection for 2023 to 1.7 per cent from its June 2022 projection of 3 per cent.

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