Economic development

Amidst ‘high political tension’, UN chief appeals to G20 leaders for stronger commitment to climate action, economic cooperation 

The annual G20 summit of leaders from the largest and fastest-growing economies, got underway on Friday in Osaka, Japan, against a backdrop of what UN Secretary-General António Guterres described as “a moment of high political tension”.

Upswing in global growth won’t last forever; IMF says world must prepare now for leaner times ahead

While the world economy continues to show broad-based momentum, a new report released Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.