Wealthy Economies
Gap between rich, poor nations widens as reform pledges fall short: UN
The gap between rich and poor nations is growing even wider as actions agreed to by many countries last year, including overhauling the major global financial institutions, remain unfulfilled promises, a UN report concluded. The report assessing the blueprint adopted in Seville, Spain, last June to narrow the gap and achieve UN development goals for 2030 was issued ahead of next week's spring meetings in Washington of the International Monetary Fund (IMF) and the World Bank, the main global financial institutions promoting economic growth. The managing director of the IMF, Kristalina Georgieva, said it had been prepared to upgrade global growth, but the Iran war has now darkened the outlook for the world economy. Li Junhua, the UN undersecretary-general for economic and social affairs, said the geopolitical tensions were compounding the struggles of developing countries to attract financing. "This is an extremely perilous time for international cooperation, as geopolitical ...
 "Gap between rich, poor nations widens as reform pledges fall short: UN")
Bank of England set to stay in central bank slow lane, keep rates on hold
BoE has cut Bank Rate only twice from a 16-year peak, helping to make sterling the only currency from the Group of 10 leading economies that has not fallen against the US dollar in 2024
 "Bank of England set to stay in central bank slow lane, keep rates on hold")
Rich nations stick to coal phase-out as China builds new plants
Countries within OECD policy forum and European Union on track to close more than 75% of their coal power capacity from 2010 to 2030
 "Rich nations stick to coal phase-out as China builds new plants")
Moderna accused of keeping Covid vaccine out of reach of poor nations
Company says it's doing all they it make as many doses as possible as quickly as possible.
 "Moderna accused of keeping Covid vaccine out of reach of poor nations")
Rich countries hog Covid-19 vaccines. Is there a solution?
China and Russia were early to export vaccines as a tool of diplomacy
 "Rich countries hog Covid-19 vaccines. Is there a solution?")
Change in the pandemic age
The era of globalisation was marked by an assumption of continual convergence
 "Change in the pandemic age")
Big economies aim for net-zero emissions but India cannot afford to yet
The South Asian country has a tiny carbon footprint per person, but it can still still help in the green transition.
 "Big economies aim for net-zero emissions but India cannot afford to yet")
The next economic powerhouse
Since Poland's democracy in 1991, its economy has been growing at an average annual rate of 4%
 "The next economic powerhouse")