GT Voice: US the biggest obstructer of global recovery in 2023

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The IMF said in its latest staff report that after decades of increasing global economic integration, the world is facing the risk of fragmentation, which could reduce global economic output by up to 7 percent. And with the addition of technological "decoupling," the loss in output could reach 8 to 12 percent in some countries, it warned.

In addition to the COVID-19 pandemic, high inflation, geopolitical conflict, and regional economic uncertainty, among others, the IMF report actually points to one of the biggest worries for the global economy in 2023. At a time when the US push for the technological "decoupling" and abnormal transfer of industrial chains is "killing" globalization, it seems that fragmentation of the global supply chains and trade has become an inevitable trend, which is bound to seriously affect the global economic recovery.

The US is to blame for the current anti-globalization trend of the global economy. Over the years, the US has been trying to promote the returning of manufacturing jobs through various policies. During the process, these policies are gradually deviating from the principles and rules of free trade time and again as Washington increasingly doesn't care whether it hurts the interests of the rest of the world, such as requiring TSMC and South Korean chipmakers to shift production to the US.

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