Economic decoupling is threatening to bite

Global conflict: US President Donald Trump and Chinese President Xi Jinping. The world’s two largest economies, China and the United States, are in for a long-drawn tit-for-tat counter-action and retaliation.

GLOBAL economic globalisation is at a crossroad. The Covid-19 pandemic is driving the world economy to retreat from global economic integration to de-globalisation.

Since the 2008-2009 global financial crisis, the trade and financial integration have moved at a much slower pace, which saw increased protectionism tendencies and global conflicts among advanced economies.