Financial Times on Nostr: Subsidy race with US and China would harm Europe’s ailing economy, IMF warns ...
Subsidy race with US and China would harm Europe’s ailing economy, IMF warns
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The International Monetary Fund (IMF) has warned that a subsidy race between the US and China would harm Europe's struggling economy. The IMF stated that the competition between the two superpowers to provide subsidies to their domestic industries could lead to distortions in global trade and investment flows. The IMF urged European policymakers to take action to protect their economies and ensure fair competition. The warning comes as Europe continues to grapple with the economic fallout from the COVID-19 pandemic.
https://www.ft.com/content/0ee289a9-8414-40bb-ac3b-ab6f04bd1f4f
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The International Monetary Fund (IMF) has warned that a subsidy race between the US and China would harm Europe's struggling economy. The IMF stated that the competition between the two superpowers to provide subsidies to their domestic industries could lead to distortions in global trade and investment flows. The IMF urged European policymakers to take action to protect their economies and ensure fair competition. The warning comes as Europe continues to grapple with the economic fallout from the COVID-19 pandemic.
https://www.ft.com/content/0ee289a9-8414-40bb-ac3b-ab6f04bd1f4f