Putin’s invasion fuels $800bn leap in state power subsidies, says IMF

The IMF’s estimates of subsidies in 2022 embrace $270bn of spending in China, $129bn in Saudi Arabia, $43bn in Germany, $19bn within the UK, $18bn in France and $3bn within the US. Costs have fallen again from final 12 months’s highs however stay above pre-war ranges, inserting sustained strain on residing requirements. “Costs are projected … Read more