Tag Archives: global economy

Do more to help poor nations cope with climate change, IMF tells rich countries

a family cooks food on a cot in flood-hit lalmonirhat, bangladesh
A family cooks food on a cot in flood-hit Lalmonirhat, Bangladesh – a country among the most vulnerable to the consequences of climate change. Photograph: Zakir Chowdhury/Barcroft Images

World faces disaster if those who contributed ‘lion’s share’ to global warming don’t aid low-income countries, IMF says

September 27, 2017 — The International Monetary Fund has told rich countries they must do more to help poor nations cope with climate change or suffer from the weaker global growth and higher migration flows that will inevitably result. Continue reading Do more to help poor nations cope with climate change, IMF tells rich countries

Air pollution costs trillions and holds back poor countries, says World Bank

air pollution
Smoke billows from industrial chimney stacks in Shanxi province, northern China. The country lost nearly 10% of its GDP to air pollution in 2013. Photograph: Kevin Frayer/Getty Images

Study finds dirty air takes huge economic toll on poor countries and costs the world more than $5tn annually in lost work days and welfare costs

September 9, 2016 — Air pollution costs the world trillions of dollars a year and severely impedes development in many countries, according to the World Bank.  Continue reading Air pollution costs trillions and holds back poor countries, says World Bank

Climate change puts 1.3bn people and $158tn at risk

flooding and drought
Flooding and drought will affect more people but few countries are planning for it, warns the World Bank. Photograph: Tony Karumba/AFP/Getty Images

Organisation urges better city planning and defensive measures to defend against rapid rise in climate change-linked disasters

May 16, 2016 — The global community is badly prepared for a rapid increase in climate change-related natural disasters that by 2050 will put 1.3 billion people at risk, according to the World Bank. Continue reading Climate change puts 1.3bn people and $158tn at risk

Global water shortages to deliver ‘severe hit’ to economies

el niño
Across the Horn of Africa, millions have been hit by the severe El Niño-related drought. The region is among those projected to take a big hit to GDP by 2050 because of water scarcity. Photograph: Feisal Omar/Reuters

The Middle East, north Africa, central Asia and south Asia due to suffer biggest economic hit from water scarcity as climate change takes hold, report finds

May 3, 2016 — Water shortages will deliver a “severe hit” to the economies of the Middle East, central Asia, and Africa by the middle of the century, taking double digits off their GDP, the World Bank warned on Tuesday. Continue reading Global water shortages to deliver ‘severe hit’ to economies

Cheap oil blackens outlook for global recovery

fuel pump
A worker pumps fuel at a petrol station outside Dakar on January 17, 2016. Seyllou/AFP
Lower prices at the pump may be pleasing to American and European consumers, but the plunge in crude prices has now become a threat to the global recovery

PARIS, France (Jan. 26, 2016) — Lower prices at the pump may be pleasing to American and European consumers, putting breeze in the sails of a limp economic recovery, but the plunge in crude prices has now become a threat to the global recovery.

Continue reading Cheap oil blackens outlook for global recovery