IMF tells rich nations that greater urgency needed on climate change

Fund’s latest World Economic Outlook also cautions global economic recovery may stall because of poor wages growth

The International Monetary Fund has warned the world’s richest nations to have a greater sense of urgency about climate change, a day after the former Australian prime minister, Tony Abbott, delivered a bizarre speech to a London-based thinktank claiming climate change was “probably doing good”.

The IMF’s latest World Economic Outlook (WEO), released overnight, has dedicated an entire chapter to the impact of weather shocks and climate change on global economic activity.

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