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Budget and climate pressures affect the growth outlook

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INT

OECD economies will be under increasing strain to decarbonise while also keeping their budget balances sustainable

Rising inequalities will increase climate change costs

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INT

Carbon emissions inequality between and within nations fuels internal and multilateral debates about climate funding

Prosperity and sustainability show little correlation

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INT

The mismatch between economic prosperity and environmental sustainability impedes national and global climate action

Some emerging-market polls promise surprises

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INT

Numerous countries face elections in 2023, which will bring both continuity and uncertainty

New harmful trade interventions will fall into 2024

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INT

Trade protectionism grew in 2020 and 2022 due to the COVID-19 pandemic and Russia’s invasion of Ukraine

High food costs will strain households well into 2024

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INT

The UNFAO global food price index has fallen for 17 months but food prices remain far higher than 2013-20

Widening global imbalances raise geopolitical risks

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INT

The German and US external balances have worsened while China, Russia and Saudi Arabia’s surpluses have improved

Weak long-run growth raises risks to the world economy

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INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity

Many developing nations risk missing climate targets

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INT

The IEA says that energy spending needs to more than double, and to surge in developing nations, to meet climate goals

Coal use will be a source of global climate tensions

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INTERNATIONAL

The Glasgow Climate Pact is the first climate deal explicitly to address coal reduction, but that has been overshadowed