Subsidy race with US and China would harm Europe’s ailing economy, IMF warns
==========
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
Financial Times /
npub1ey5…tq7p
2024-04-19 16:53:24
Author Public Key
npub1ey55s7y4px7nuw9qq987mhc2lm8qp30xvyrkgqk9p626n78zfcxqw0tq7pPublished at
2024-04-19 16:53:24Event JSON
{
"id": "5518e9086b5dcf33b83769b5c0db858810fe8cd4eeccaf17e53fb232104a0853",
"pubkey": "c92948789509bd3e38a0014feddf0afece00c5e661076402c50e95a9f8e24e0c",
"created_at": 1713538404,
"kind": 1,
"tags": [],
"content": "Subsidy race with US and China would harm Europe’s ailing economy, IMF warns\n==========\n\nThe 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.\n\n\n\nhttps://www.ft.com/content/0ee289a9-8414-40bb-ac3b-ab6f04bd1f4f",
"sig": "f48547d0ec9c8dd338a7a87d21e57b06f99abddf5eb6eefa3d753706b9ad409c2ba8434b4af5f53b5033cb81d6551035ed753a7d4848185e97931ec36ad63c58"
}