Global Recession Looms Amid Broadest Rate Hikes in Five Decades, World Bank Says

Bloomberg2022-09-16

Global policy rates seen to climb to almost 4% through 2023Policy makers told to battle inflation by boosting productionThe global economy may face a recession next year caused by an aggressive wave ...

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Comments

Richard0208
2022-09-17
Richard0208
Good sharing
- Richard0208:
  Good
robot1234
2022-09-17
robot1234
Asean needs to triple investments in renewables to meet climate goals by 2050. SOUTH-EAST Asian nations will need to triple investments in renewable energy to more than US$7 billion to meet climate change targets by 2050, government officials said on Thursday (Sep 15). On an annual basis, the Association of South-east Asian Nations (Asean) needs to direct US$200 billion to US$245 billion into renewable power, biofuels, energy efficiency and enabling technologies and infrastructure over the period to 2050.According to the second edition of the Renewable Energy Outlook for Asean: Towards a Regional Energy transition – released by the International Renewable Energy Agency (Irena) during the Asean Ministers on Energy Meeting - significant regional business and investment opportunities ari
- eeth:
  👍👍
- Richard0208:
  Good
- singularityT:
  k
- lkyuptrend:
  sf
- 明宁:
  [微笑]
superpopo
2022-09-16
superpopo
Hoseh
MSTAN
2022-09-16
MSTAN
👌👌
Chris68
2022-09-16
Chris68
👌
lsjk
2022-09-16
lsjk
Buy

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That sets off larger-than-envisioned impacts in sapping financial conditions and deepening the global growth slowdown, it said.Investors expect central banks to raise global monetary policy rates to almost 4% next year, double the average in 2021, just to keep core inflation at the 5% level. Rates could go as high as 6% if central banks look to wrangle inflation within their target bands, according to the report’s model.The World Bank study estimates 2023 global gross domestic product growth to slow to 0.5%, and contract 0.4% in per capita terms that would meet the technical definition of a global recession. 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SOUTH-EAST Asian nations will need to triple investments in renewable energy to more than US$7 billion to meet climate change targets by 2050, government officials said on Thursday (Sep 15).&nbsp;On an annual basis, the Association of South-east Asian Nations (Asean) needs to direct US$200 billion to US$245 billion into renewable power, biofuels, energy efficiency and enabling technologies and infrastructure over the period to 2050.According to the second edition of the Renewable Energy Outlook for Asean: Towards a Regional Energy transition – released by the International Renewable Energy Agency (Irena) during the Asean Ministers on Energy Meeting - significant regional business and investment opportunities ari","listText":"Asean needs to triple investments in renewables to meet climate goals by 2050. SOUTH-EAST Asian nations will need to triple investments in renewable energy to more than US$7 billion to meet climate change targets by 2050, government officials said on Thursday (Sep 15).&nbsp;On an annual basis, the Association of South-east Asian Nations (Asean) needs to direct US$200 billion to US$245 billion into renewable power, biofuels, energy efficiency and enabling technologies and infrastructure over the period to 2050.According to the second edition of the Renewable Energy Outlook for Asean: Towards a Regional Energy transition – released by the International Renewable Energy Agency (Irena) during the Asean Ministers on Energy Meeting - significant regional business and investment opportunities ari","text":"Asean needs to triple investments in renewables to meet climate goals by 2050. SOUTH-EAST Asian nations will need to triple investments in renewable energy to more than US$7 billion to meet climate change targets by 2050, government officials said on Thursday (Sep 15). 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