The global economy is expected to grow by only 3.1 percent this year, down from an earlier projection of 4 percent, because of the effects of the Russia-Ukraine war, according to the UN’s latest World Economic Situation and Prospects report. Know more:
The global economy is expected to grow by only 3.1 percent this year, down from an earlier projection of 4 percent, because of the effects of the Russia-Ukraine war, according to the UN’s latest World Economic Situation and Prospects report.
From Bloomberg: “China has made a decision to seize Taiwan on a “much faster timeline” than previously thought, Secretary of State Antony Blinken said on Monday, shortly after China’s leader reiterated his intent to take the island by force if necessary. In his speech on Sunday at the opening ceremony of the ruling Communist Party of China’s 20th National Congress, President Xi Jinping said: “We will continue to strive for peaceful reunification with the greatest sincerity and the best efforts, but we will never promise to renounce the use of force. And we reserve the option of taking all measures necessary.”—authors Hal Brands and Michael Beckley said in the event of a war involving China, the economic fallout would be disastrous.
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