WEF: Developing countries need to help emerging economies (IOL)
The World Economic Forum (WEF) has put into the spotlight the role that developed countries should play in helping emerging economies mitigate against climate change, stabilise energy supply, and improve food security amid a looming global recession.The WEF Annual Meetings 2023 in Davos kicked off on Monday with a bleak global economic outlook for 2023, which showed that a recession in the developed world would be felt more severely in developing countries. A majority of the WEF’s Community of Chief Economists forecast geopolitical tensions to continue to shape the global economy and anticipated further monetary tightening in the United States and Europe. Click here to read full article
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