The IMF said tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020 and cause more losses later.
WASHINGTON (AN) — The International Monetary Fund said on Thursday that tariffs imposed or threatened by the United States and China could reduce global economic output by 0.8% in 2020, and lead to more losses for years after that.
IMF spokesman Gerry Rice told a regular press briefing that rising geopolitical and trade tensions are weighing on the global economy.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
Minimum wage workers in the E.U. had the most purchasing power in Germany and the least in Estonia.
The South African president invoked Nelson Mandela's emphasis on global 'interdependence' and cooperation.
Billionaires' wealth 'surged' by $2 trillion in a year, while 44% of the world population lives on less than $6.85 a day.
Experts agreed science and diplomacy need to evolve to build trust, solve problems, and promote national interests.
The spike in the world’s deadliest infectious disease comes as officials warn global aid cuts could lead to a resurgence.
More than 275,000 glaciers cover 700,000 square kilometers of the planet. Glaciers and ice sheets store 70% of all freshwater.
From migrants to refugees, millions of lives and the organizations that help them are at risk from U.S. aid cuts.
