Ex-CIA’s Petraeus Sees ‘Slow-balization’ From Geopolitic Shocks

The geopolitical crisis over Russia’s invasion of Ukraine and growing US-China tensions have led to “slowbalization,” where global integration is happening at a slower pace, according to retired General David Petraeus.

“We are in an era of renewed great power rivalries, where geopolitics very much defines what’s possible in terms of economics, trade and investment,” said Petraeus, chairman of KKR’s Global Institute, on Monday. “Globalization is not over by any means, but it has now become ‘slowbalization,’ where the growth in global trade is now much flatter.”