Tariffs imposed or threatened by the U.S. and China could reduce global economic output by 0.8% in 2020.
WASHINGTON (AN) — The International Monetary Fund said 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 on Thursday that rising geopolitical and trade tensions are weighing on the global economy.
Leaders pushed for better financial systems at only the fourth U.N. conference on development financing held since 2002.
The reduction in support and services it can deliver is expected to drop to about $50 billion across the U.N. system.
The U.S. will not attend the FfD4 conference in Spain later this month to fund the Sustainable Development Goals.
The summit created momentum for the adoption of the first legally binding rules to better protect international waters.
Despite blocking IAEA inspectors from tracking uranium enrichment, Tehran says diplomatic channels remain open.
Leaders pushed for better financial systems at only the fourth U.N. conference on development financing held since 2002.
Beyond official narratives and statistics are the complex realities and unexpected agency of displaced populations.
Urgent early warning systems and urban heat protections are needed with extreme heat events becoming more frequent.
