Updated
Updated · Bloomberg · Jun 6
RBNZ's Breman Says Countries Push Back Against Protectionism as Global Cooperation Declines
Updated
Updated · Bloomberg · Jun 6

RBNZ's Breman Says Countries Push Back Against Protectionism as Global Cooperation Declines

1 articles · Updated · Bloomberg · Jun 6

Summary

  • Anna Breman said she sees encouraging signs that countries are finding ways to counter the damage from rising protectionism.
  • The RBNZ governor told Sweden's SVT that many nations are actively pushing back against the trend rather than simply absorbing its effects.
  • Her comments paired concern about weakening global cooperation with a more optimistic view that governments are still taking steps to limit the fallout.

Insights

If people are becoming more cooperative, why are nations growing more protectionist?
As 'managed protectionism' becomes the norm, what is the true cost to global economic recovery?
What new forms of cooperation can succeed as trust in traditional global institutions collapses?