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Public banks can finance SDGs more, but 2030 is a rush

Location:

INTERNATIONAL

The UNCTAD report urging public banks to do the “heavy lifting” to meet UN Sustainable Development Goals is ambitious

US, China on changed GDP growth trajectories

Location:

INT

US GDP has outperformed pre-pandemic expectations, while China and other Asian giants have fallen short

Post-lockdown Latin America faces widespread unrest

Location:

LATIN AMERICA

The COVID-19 pandemic looks sure to exacerbate hardship for many, driving discontent and increasing protest risks

Pride and politics will push Turkey to recession

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TURKEY

A sudden deterioration in US-Turkish relations has plunged Turkey into a debt and liquidity crisis

Taxing capital over income and spending needs momentum

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INT

Wealth is more unequal than income; tackling property prices and tax is more crucial for some nations than others

Pandemic response threatens climate funding shortfall

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INT

Low- and middle-income states must spend more than 1% of GDP a year on environmental protection but budgets may narrow

Russia’s real income fall has political implications

Location:

RUSSIA

COVID-19 restrictions have fuelled unemployment and made Russians poorer all round

Geopolitics, supply stress and rate rises will hit GDP

Location:

INT

The outlook is softening as Ukraine war impacts will aggravate supply chain disruptions and tighter financial conditions

Deaths of despair could hinder the economic recovery

Location:

INT

Social isolation and economic uncertainties arising from COVID-19 lockdowns could prompt many more deaths of despair