The US, China and the European Union (EU) will shape the post-pandemic world economy as key pillars of a tripolar world due to a hardening of attitudes during the coronavirus crisis, and the compounding of existing trends, Moody’s Investors Service said. The Moody’s analysis said that the interests of the three pillars—the US, China and the EU—will continue to diverge. Trade relationships will increasingly have a regional focus given the attention countries are giving to supply chain resilience, the report said. The Belt and Road Initiative (BRI) will continue to be a major instrument of China’s trade policy, it said. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint November 17, 2020 17:26 UTC