The planet warms, the world economy cools – the real global recession is ecological | Larry Elliott

Governments focus on the climate when they have few other economic worries. That can no longer be the case

First it was the pandemic. Then it was the war in Ukraine. Next it could be the climate crisis.

On Monday last week the world registered its hottest-ever day but the record lasted only 24 hours before it was beaten by an even more sizzling Tuesday. And while the temperature continues to warm up the global economy continues to cool down.