Joachim Nagel, a member of the European Central Bank's Governing Council, has expressed concerns about the potential for increased fragmentation in the global economy following Donald Trump's electoral victory.

Nagel highlighted the emerging signs of geoeconomic fragmentation, warning that this trend could pose new challenges for central banks, particularly in managing inflation, which may become higher or more volatile. He emphasized the need for renewed cooperation and free trade among nations to address the troubling situation and mitigate risks associated with economic disintegration.