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. …
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 …
The global CO2 emissions and energy demand numbers are based on the IEA’s detailed region-by-region and fuel-by-fuel analysis, drawing on the latest official national data and publicly available energy, economic and weather data. Combined with the methane emissions estimates published by the IEA and estimates of nitrous oxide and flaring …
Tanzania has made important achievements in expanding women’s economic opportunities over the past 20 years. The female labor-force participation rate rose from 67% in 2000 to 80% in 2019, well above the average of 63% for Sub-Saharan Africa and among the highest rates on the continent. In addition, more Tanzanian …
This brochure outlines the challenges of air pollution in Asia and how these can be addressed. It gives an overview of the sources of air pollution and its impacts on health and the environment. It sets out the challenges and opportunities of delivering improvements in air quality to support better …
Fragile states in sub-Saharan Africa (SSA) face challenges to respond to the effects of climate shocks and rising temperatures. Fragility is linked to structural weaknesses, government failure, and lack of institutional basic functions. Against this setup, climate change could add to risks. A panel fixed effects model (1980 to 2019) …
RES4Africa Foundation, IRENA and the UN Economic Commission for Africa have developed a joint report analysing the job and socioeconomic impact of clean energy investments on the African continent. Towards a prosperous and sustainable Africa: maximising the socio-economic gains of Africa’s energy transition identifies the opportunities Europe and Africa have …
According to the Global Burden of Disease 2019 study, air pollution from fine particulate matter caused 6.4 million premature deaths and 93 billion days lived with illness in 2019. Over the past decade, the toll of ambient air pollution has continued to rise. Air pollution’s significant health, social, and economic …
This paper examines whether and how climatic shocks influence individual migration decisions. The authors use census microdata across 64 countries over the period 1960 to 2012, covering 442 million individual records, combined with geo-referenced temperature and precipitation data summarized for each origin and destination administrative unit. Migration is identified when …
The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said. While investments in technologies like solar and wind farms, advanced batteries …
This paper examines the short-term implications of the COVID-19 pandemic for inequality in developing countries. The analysis takes advantage of high-frequency phone survey data collected by the World Bank to assess the distributional impacts of the pandemic through the channels of job and income losses, food insecurity, and children’s education …
The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures. After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4.0 per cent in 2022 and 3.5 per …
As the world enters the third year of the COVID-19 pandemic, the climate crisis remains the biggest long-term threat facing humanity, according to the 2022 Global Risks Report released by the World Economic Forum The Global Risks Report series tracks global risks perceptions among risk experts and world leaders in …
Kenya's economic damage caused by COVID-19 will result in a downturn by 2023 that leaves the gross domestic product (GDP) to about 9 percent below the pre-crisis forecast, says a joint report released by economic think tanks. According to the Macro Fiscal Analytic Snapshot (MFAS) report by the Institute of …
An energy system centred on renewable energy can help resolve many of Africa’s social, economic, health and environmental challenges. A profound energy transition is not only feasible, it is essential for a climate-safe future in which sustainable development prerogatives are met. Renewables are key to overcoming energy poverty, providing needed …
Global economic growth has picked up in 2021 and has now surpassed its pre-pandemic level. The National Bank of Rwanda (NBR) has maintained an accommodative monetary stance and other measures to support the recovery, taking advantage of low inflation. The government’s continued fiscal expansion is also providing support to the …
To achieve quality growth over the medium-term, China will need to rebalance its economy across several dimensions, according to Rebalancing Act, From Recovery to High-Quality Growth, the latest China Economic Update released by the World Bank. Following a strong rebound in the first half of 2021, economic activity in China …
The third edition of the flagship Europe Sustainable Development Report tracks the performance of the EU, its Member States, and other European countries on the 17 Sustainable Development Goals. The Europe Sustainable Development Report shows how the SDGs can be used as a roadmap for a sustainable and inclusive recovery …
The Egyptian economy continues to show the resilience it has displayed throughout the COVID-19 pandemic, due to the macroeconomic and energy sector reforms it has implemented in recent years, along with measures taken to ease monetary conditions, provide selected sectoral support, and mobilize external financing. Real GDP growth and foreign …
Already the poorest country in Asia, Afghanistan’s economic base has long been too small to support its population of 40 million. Annual per capita income had declined from US$650 in 2012 to US$508 in 2020 and is expected to drop precipitously to US$350 next year. The report indicates that the …
The COVID-19 crisis has demonstrated that manufacturing remains the backbone of the economies. Yet, it also shows the vulnerability of our production systems to sudden shocks. For the recovery to take hold, it is critical to understand how the pandemic has affected the industrial sector—and the prospects for the future …
