April 25, 2024
World Economy

Global Economic Peril from Ecosystem Tipping Points: Exeter Study

The collapse of key ecosystems would severely harm the global economy, researchers have warned. Researchers from UCL’s Institute for Innovation and Public Purpose (IIPP) and the Global Systems Institute at the University of Exeter reviewed the likely impacts of “ecosystem tipping points” such as the dieback of the Amazon rainforest, tropical peatland collapse and widespread

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World Economy

World economy’s star athlete may run out of puff

The logos of the World Bank and IMF. — AFP File NEW YORK: The United States is the MVP of GDP. That was the International Monetary Fund’s verdict at its spring gathering last week. The U.S. star turn is much needed as other key members of the global growth team, like Europe and China, are

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World Economy

India can be a $10 tn economy in the coming decade if it continues with reforms: WEF head Borge Brende – Firstpost

World Economic Forum president Borges Brende (R) speaks with Firstpost managing editor Palki Sharma on a range of issues that hurt the planet and about the ways to overcome them The global economy is going through a challenging time with a spike in global conflicts and concerns over rising inflation. The post-pandemic recovery is increasingly

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World Economy

The charts that show how Britain is slowly turning into bloated Europe

But since 2020, average economic growth has for the first time in recent decades fallen to below half of that recorded in the US. And in yet another warning sign, Britain is also now lagging behind when compared with other parts of western Europe too. The UK’s anaemic rate of growth – at 0.8 per

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World Economy

IMFC chair’s statement analysis Spring Meetings 2024: Tinkering at the margins while global crises unfold  

Summary The International Monetary and Financial Committee (IMFC) has failed to issue a joint communiqué since the Annual Meetings in October 2021, before the war in Ukraine. The IMFC is the direction-setting body of finance ministers and central bank directors for the IMF. The IMFC communiqué usually sets out the consensus position about the direction

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World Economy

Building a better world – Opinion

XING WEI/FOR CHINA DAILY German Chancellor Olaf Scholz led a high-level business delegation and three federal ministers on a visit to China, which concluded on April 16, signifying Germany”s willingness to strengthen cooperation with China. China-Germany relations are at the forefront of China’s ties with Europe, and the two nations work closely on global governance.

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World Economy

Oil rises $1 as US dollar slips to one-week low, investors shift focus to global economy; Brent at $88/bbl

Oil prices rose a dollar a barrel on Tuesday, April 23, as the US dollar index fell to its lowest in over a week and as oil investors shifted focus away from the ongoing geopolitical issues in the Middle East to the state of global economies. The US dollar index weakened after latest S&P Global

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World Economy

Global crises fracturing foreign investment, impacting developing economies

UN Trade and Development calls for innovative investment strategies to foster inclusive and sustainable economic growth. Launched by UN Trade and Development (UNCTAD) on 23 April, the report entitled “Global economic fracturing and shifting investment patterns” examines the complex landscape of global foreign direct investment (FDI). The report sheds light on ten transformational shifts in

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World Economy

Global economic fracturing and shifting investment patterns

The report spotlights 10 major shifts in global foreign direct investment (FDI). It reveals how the combination of structural transformations in global value chains (GVCs), external shocks like the COVID-19 pandemic and rising geopolitical tensions are increasingly influencing investment decisions and hindering development. Here are some key findings. FDI struggles to keep pace with trade

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World Economy

Green subsidies making poor nations poorer, World Bank warns

Industrial policies that pump green subsidies worth billions into advanced economies risk widening inequalities between rich and poor countries, the World Bank has said as it warned of a “great reversal” in the growth prospects of the most vulnerable nations. Ayhan Kose, deputy chief economist at the World Bank, told The Times that the 75

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