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IMF Chief Economist Warns Trade Restrictions Will Backfire

IMF's chief economist, Pierre-Olivier Gourinchas, has raised concerns about the increasing use of trade-restrictive measures globally. In a recent interview, Gourinchas emphasized that such restrictions are likely to distort international trade, ultimately impacting the very countries that impose them. This warning highlights the potential long-term consequences of protectionist policies, suggesting that they may hinder economic growth and global cooperation.

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