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Global Instability Threatens world economy, WTO Chief Warns

The head of the World Trade Organization (WTO) Ngozi Okonjo-Iweala warned of a difficult road ahead for the global economy at the WTO's meeting in Abu Dhabi on Monday. She cautioned that war, uncertainty, and instability are weighing down economic growth as countries slowly recover from the pandemic.

"People everywhere are feeling anxious about the future and this will be felt at the ballot box this year," Okonjo-Iweala said. She warned against attacks on multilateralism and the rules-based trading system, without directly naming US President Donald Trump who has threatened to leave the WTO.

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Global Instability Threatens World Economy, WTO Chief Warns WTO Chief sounds alarm over rising global instability and its potential impact on the world economy. Learn more about the urgent warning and its implications.

China Cuts Bank Reserve Requirements to Bolster Fragile Recovery

In a surprise move, China's central bank announced a significant cut to reserves on Wednesday, injecting around $140 billion into the . The People's Bank of China ( ) declared a 50-basis point cut, the largest in two years, effective from February 5th, aiming to support a and counter-plunging stock markets.

This announcement, made as were closing, prompted a positive response with benchmark stock indexes and the yuan bouncing back.

Governor Pan Gongsheng indicated that the bank would unveil policies to enhance property loans, providing hope for investors concerned about 's real estate sector. The move follows China's struggle for a robust post- amidst a housing crisis, local government debt risks, and weakened global demand.

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China Cuts Bank Reserve Requirements to Bolster Fragile Recovery Explore China's bold step as they trim bank reserves to strengthen their delicate economic rebound.