Why the U.S. economy is growing at the slowest rate in 50 years
- by admin
The U.A.E. economy continues to grow at the weakest pace since 2007 despite President Donald Trump’s decision to exit the Paris climate accord, according to data released Monday.
The U.K. economy grew by 2.3% in the second quarter from a year earlier, the first increase in more than a year.
That’s the slowiest growth rate since 2009.
In the first quarter, France was the only country to report growth of 1.7%, while Germany recorded a 1.6% increase.
In France, the economy contracted by 0.6%, Germany by 0% and the United Kingdom by 0%.
The data comes after the president said Friday that the U,S.
and France should leave the Paris agreement, citing its effects on the economy.
The Paris accord, which was signed by nearly 190 countries in December, aims to limit global warming to 1.5 degrees Celsius (2.6 degrees Fahrenheit), which would prevent catastrophic climate change.
It was the first global accord in more years to not include the U of A.
The president has been criticized for not pushing for an immediate exit from the accord.
Trump has been pushing to get rid of the accord and has proposed pulling the U from the deal, which would make the U the biggest emitter of greenhouse gases in the world.
He has also criticized the U for failing to meet a deadline to cut emissions by 30% by 2025.
The U.A.E. economy continues to grow at the weakest pace since 2007 despite President Donald Trump’s decision to exit the…