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Taken together, “the American economy is far less exposed to economic and inflation disruptions while its overall size has tripled,” he said. Brusuelas does not foresee the conflict having any material impact on inflation or U.S. GDP growth.
In response to a petition asking the International Olympic Committee (IOC) to prevent fossil fuel companies from sponsoring winter sports, the IOC president, Kirsty Coventry, said the governing body is “having conversations in order to be better” in its approach to climate change. A New Weather Institute report estimated that the fossil fuel giant Eni, carmaker Stellantis and ITA Airways sponsoring Milano Cortina 2026 will induce an additional 40% to the Games’ carbon footprint, enough to melt 3.2 square km of snow cover and 20 million tonnes of glacier ice.