January 29, 2023

Governments around the world are rushing to mitigate food and energy inflation, launching new subsidies and boosting social spending programs to stave off unrest and hunger amid the rising cost of daily living.

The United Arab Emirates and Saudi Arabia combined spend nearly $13 billion to support low-income citizens, while in Europe, governments from Germany to Greece, Spain and Portugal have announced in recent months tax cuts and energy subsidies.

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