S.Korea drafts aggressive spending plan for 2022, taking debt to 50% of GDP
South Korea’s government on Tuesday unveiled an aggressive spending increase in the final annual budget of President Moon Jae-in’s five-year term, pushing out any prospect of achieving balanced budgets amid a worsening fiscal deficit.
Yellen’s next test: Persuading G20 that U.S. Congress will not block tax deal
U.S. Treasury Secretary Janet Yellen was able to help corral 130 countries to agree to a major revamp of international corporate taxation, but showing them she can bring a deeply divided U.S. Congress on board may prove equally challenging.
Asset owners managing $6 trln call for global carbon price
Investors managing more than $6 trillion in assets on Tuesday called for a co-ordinated global price on carbon and said emissions costs would need to almost treble by 2030 to reach the world’s climate goals.
The OECD predicts that global GDP will grow by 4.0 percent in 2022
According to the OECD, global GDP could well expand by 5.6 percent this year and will grow exponentially by 4 percent in 2022. The Organization for Economic Cooperation and Development (OECD) is a global company that helps to create an effective infrastructure for better lives. Its mission is to create policies that promote wealth, equal […]
