The International Monetary Fund (IMF) provided a brief analysis of the cost of disinflation in the world as part of its latest economic outlook. In general, major central banks have responded to high inflation by raising interest rates. However, the IMF indicates that it is difficult to determine
The European Commission published a report identifying the economic losses due to weather and climate events in the European Union (EU). Current available data indicate that, on average, the economic impact of weather and climate events should be contained. During the period 1980-2020, economic losses accounted for a
The record number of new trade concerns raised at the WTO’s Council for Trade in Goods (CTG) broke records in 2021. Indeed, WTO members raised a large number of trade concerns at the three formal meetings of the CTG, with November’s 37 being an all-time high. Also, a
The World Trade Organization (WTO) highlighted the US$150 billion annual benefits of a plurilateral agreement on trade in services among 67 economies. First and foremost, on December 2, 2021, the 67 WTO members participating in the Joint Initiative on Domestic Regulation of Services announced the successful conclusion of
The World Trade Organization (WTO) reached a multilateral agreement on fisheries subsidies this year and gave a range for their amount. This is the first WTO agreement that places environmental sustainability at its core. According to the WTO, fisheries subsidies -estimated to range from $14 billion to $54
Mexico City, one of the most populated cities in the world, with 22 million inhabitants, is making progress in its Smart City project, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC). As for the Public Network, the city government offers free