In Australia, it seems a while ago that pundits were hailing the country’s rebound from the pandemic. With a record 9.6-percent annual growth through June 2021, the nation was en route to a stellar recovery. Then Delta hit, and strict lockdowns cut expectations to recession-level territory. Will “Down Under” define this country’s economy?
Reserve Bank of Australia
Central banks, guardians of financial systems, consider multiple factors when determining policy; today, as countries suffer the effects of severe weather, central banks feel impelled to include the risks associated with climate change. Groups such as the Network for Greening the Financial System, which unites central banks to address climate-change financial risks and aids the private sector toward achieving a more sustainable future, allow central banks to pool their resources to combat this threat.