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Tight monetary and fiscal policy will curb world GDP
The OECD sees global growth slowing to 2.7% in 2024; better 2025 growth rests on firmer trade and room for rate cuts
InternationalCOP28 progress will fall short of climate needs
As the hottest year on record draws to a close, world leaders are again meeting to discuss climate action
InternationalEuro-area slowdown may allow rate cuts from mid-2024
Euro-area headline inflation slowed to 2.4% and core inflation also slowed steadily
EUTripling renewable power scale by 2030 is unfeasible
Solar photovoltaics growth could exceed expectations, but wind power growth on the scale required looks unlikely
InternationalUS consumption and housing activity will slow steadily
Consumer confidence rose this month but year-ahead expectations are weaker, while housing activity shows mixed signs
United StatesEuro-area seems set for a long but shallow downturn
Bank lending to corporates in the euro-area fell for the first time since early 2015 while household lending also slowed
InternationalTerrorist financing adds to woes of crypto firms
A Reuters report states that Hamas and similar groups are using cryptos for cross-border financing
InternationalProspects for climate diplomacy in 2024
With next year looking set to be the hottest on record, world leaders continue to drag their feet on climate change
International