World economy articles
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Chinese subsidies endanger world economy, says US' Yellen
US Treasury Secretary Janet Yellen has said that China's subsidy-fueled "overcapacity" could overload the global market. Beijing has dismissed such concerns in the past.
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IMF: Outlook For World Economy Is Brighter, Though Still Modest By Historical Standards
The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. The IMF now envisions 3.2% worldwide expansion this year, up a tick from the 3.1% it had predicted […]
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World’s biggest economies pumping billions into fossil fuels in poor nations
G20 countries spent $142bn in three years to expand operations despite a G7 pledge to stop doing so, study findsThe world’s biggest economies have continued to finance the expansion of fossil fuels in poor countries to the tune of billions of dollars, despite their commitments on the climate.The G20 group of developed and developing economies, and the multilateral development banks they fund, put $142bn (£112bn) into fossil fuel developments overseas from 2020 to 2022, according to estimates...