Browsing: Economy

Economy

Top economic and regulatory officials at the Basel, Switzerland Bank for International Settlements emphasized the limits of the financial industry’s ability to reduce climate risk in a new article this week, calling it “unrealistic” to assume that the financial sector could drive the reallocation of resources needed to transition to a global green economy “in the absence of adequate environmental policymaking in the real economy.”

Economy

For the foreseeable future, a zero-COVID policy for China will make it difficult for the country to achieve its official economic growth target of about 5.5 percent.

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