Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
The Economic Report on Africa (ERA) 2024 presents the case for investing in a just and sustainable transition (JST) while achieving energy access for all. Using country case studies, macro, sectoral and firm evidence, and the findings and recommendations of previous ERA editions, the 2024 report assesses the necessary conditions …
This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Middle East and North Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other …
This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the South Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as …
The report forecasts global economic growth to 2.6% in 2024, barely above the 2.5% threshold commonly associated with a recessionary phase. The report says the prevailing focus on inflation overshadows urgent issues like trade disruptions, climate change and rising inequalities. It advocates for structural reforms and coordinated global efforts, proposing …
Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust domestic demand, improving semiconductor exports, and recovering tourism. Growth will continue at the same rate next year, according to the Asian Development Outlook (ADO) …
This new UN report says financing challenges are at the heart of the world’s sustainable development crisis – as staggering debt burdens and sky-high borrowing costs prevent developing countries from responding to the confluence of crises they face. Only a massive surge of financing, and a reform of the international …
The Survey, published annually since 1947, is a flagship publication produced by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). It provides analyses to guide policy discussion on the current and emerging socio-economic issues and policy challenges to support sustainable development in Asia and the …
A devastating earthquake in Turkey and Syria, severe convective storms (SCS) and large-scale urban floods were the main events driving insured natural catastrophe losses to USD 108 billion in 2023, reaffirming the 5–7% annual growth trend in global insured natural catastrophe losses since 1994. Swiss Re Institute estimates that insured …
The 20th Tanzania Economic Update (TEU) shows that accelerating a fertility decline has the potential to enable the country to reap the benefits of a demographic dividend, which refers to how improved health and reduced fertility can drive economic growth. When a country experiences better health outcomes and fewer births, …
This paper evaluates the additional spending needed to meet core targets of selected Sustainable Development Goals (SDGs) while accounting for the associated cost to address climate risks. The SDGs under study are those related to human and physical capital development. An additional 3.8 percent of global GDP, or US$3.4 trillion, …
CO2 Emissions in 2023 provides a complete picture of energy-related emissions in 2023. The report finds that clean energy growth has limited the rise in global emissions, with 2023 registering an increase of 1.1%. Weather effects and continued Covid-19 reopening played a significant role in driving emissions in 2023. Advanced …
The world is in the midst of a triple planetary crisis of climate change, biodiversity loss and pollution and waste. The global economy is consuming ever more natural resources, while the world is not on track to meet the Sustainable Development Goals. The scientific community has never before been more …
The Rwanda Economic Update edition 22 reviews the country’s macroeconomic performance and prospects and includes a special section focusing on Mobilizing Domestic Savings to Boost the Private Sector in Rwanda. In 2023, Rwandan economy demonstrated resilience, achieving a 7.6 percent growth in a challenging global environment. This growth was largely …
This report provides an account of the evolution of poverty and living conditions in the decade 2012- 2022. It finds that at the national level monetary poverty essentially stagnated while urban poverty, admittedly a much smaller in absolute and relative terms, dramatically increased. In 2022, monetary poverty affected about 75 …
Africa's Macroeconomic Performance and Outlook is the African Development Bank Group's biannual publication, released in the first and fourth quarter of each year. The publication provides policymakers, global investors, researchers, and other development partners with an up-to-date, evidence-based assessment of the continent's recent macroeconomic performance and short- to medium-term prospects …
This paper offers an updated and comprehensive review of recent studies on the impact of climate change, particularly global warming, on poverty and inequality, paying special attention to data sources as well as empirical methods. While studies consistently find negative impacts of higher temperature on poverty across different geographical regions, …
Finance Minister presented a “white paper” on the Indian economy in Parliament on February 08, 2024. The document, which has been prepared by the Ministry of Finance, essentially compares the 10-year record of economic governance under the Congress-led UPA governments (between 2004-05 and 2013-14) with the 10-year record of the …
In a recent global policy report published by the Food System Economics Commission, a multinational and multidisciplinary team of over forty researchers carried out the most ambitious food economic study yet to evaluate means by which the food system could be economically improved. They conducted a cost-benefit analysis of the …
As Djibouti embarks on its second phase of development, it is crucial to ensure that the benefits of growth are felt by all segments of society, particularly women and youth. To achieve this, three critical priorities have been identified in the Country Economic Memorandum (CEM): (i) enhance economic resilience and …
