Central bank moves among the top risks to global economy
Central banks reducing emergency stimulus too quickly. And then, the supply chain disruption is among the top risks to the world economy. This is according to the economists. Given global growth has likely peaked. The recent surge in inflation will be transitory. But even though supply chain bottlenecks pose a serious threat to the recovery and…
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Fund nature protection now or face huge losses
The global economy faces annual losses of $2.7 trillion by 2030 if ecological tipping points are reached. The countries fail to invest more in protecting and restoring nature said the World Bank. In its “Economic Case for Nature” report, the bank looked at how many economies rely on biodiversity. They also looked into how they would cope if…
130 countries back global minimum corporate tax of 15%
Most of the countries negotiating a global overhaul of cross-border taxation of multinationals have backed plans for new rules on where companies are taxed and a tax rate of at least 15%, they said after two days of talks. This is a Paris-based Organization for Economic Cooperation and Development. They have hosted the talks and…