IMF report warns that haywire climate plans could trigger energy price crack-up
Tuesday’s 180-page World Economic Outlook from the International Monetary Fund is a gloomy portrait of a global economy heading into slower growth due to the war in Ukraine, pandemic lockdowns, monetary risks, fiscal extravaganzas and other products of interventionist policy-making. It makes for unsettling reading. No less grim is the second IMF report of the day, a 100-page Global Financial Stability Report, which warned that inflation, private debt, sovereign debt and other risks have risen in the wake of Vladimir Putin’s war.
