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Global Economy Faces Diverging Paths as "Green Protectionism" Rises

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wisdom01

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The International Monetary Fund(IMF) has published its December World Economic Outlook, highlighting a stark divergence. While North American and major Asian economies show modest growth, the Eurozone has officially entered a technical recession.


The report cites persistent energy market volatility and the rapid escalation of "green protectionism" subsidies and tariffs related to the clean energy transition, such as the EU's Carbon Border Adjustment Mechanism (CBAM) and new U.S. incentives for domestic battery production.
 
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