Trade agreements can ease the pain of a possible global recession

Uncertainty is bad for business; however, it can be mitigated by trade agreements which help countries become more resilient to economic shocks, according to a new University of California School of Global Policy and Strategy ...

CO2 pollution bounces back, climate goals at risk: IEA

Global CO2 emissions have returned to pre-pandemic levels and then some, threatening to put climate treaty targets for capping global warming out of reach, the International Energy Agency said Tuesday.

Southern France set to sizzle due to climate change

That dream house in southern France that so many fantasise about is going to become uncomfortably hot in coming decades, according to new climate change projections Monday by the country's national weather service.

COVID-19's historic economic impact in the U.S. and abroad

More than 2.1 million people around the world have become infected with COVID-19, and more than 140,000 people have died from the disease. The United States, now approaching 650,000 infections, is the new epicenter of the ...

The coronavirus pandemic is already increasing inequality

So far, the impact of the coronavirus crisis has not been felt equally across the UK population in health and economic terms. If it is followed by a major recession, the effect on inequality could worsen dramatically.

Expert explains why the odds of a coronavirus recession have risen

Throughout his career, Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School (HKS), has assiduously tried to avoid making predictions about when the next economic recession would ...

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Global recession

A global recession is a period of global economic slowdown. The International Monetary Fund (IMF) takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession". By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002.

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