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. …
India, along with the rest of the world, is facing significant social and economic challenges after implementing measures to contain the spread of COVID-19. To address these challenges, public and private sector leaders are considering short-term and long-term interventions to support economic recovery. In this context, India recently announced a …
Investing in nature protection and restoration will also be critical for Europe’s economic recovery from the COVID-19 crisis. When restarting the economy, it is crucial to avoid falling back and locking ourselves into damaging old habits. The European Green Deal – the EU’s growth strategy – will be the compass …
Africa's projected gross domestic product growth of 3.2 per cent for 2020 is now expected to fall further to -0.8 per cent due to prolonged partial and total lockdown of countries brought on by the Covid-19 pandemic. A new report by Deloitte analysing the impact of Covid-19 indicates that the …
The macroeconomic uncertainty created by COVID-19 is hard to measure. The situation demands simultaneous policy intervention in terms of public health infrastructure and livelihood. Along with the global community, India too has announced its initial dose of fiscal and monetary policy responses. However, more fiscal–monetary policy coordination is required to …
The COVID-19 pandemic is primarily a health crisis and a human tragedy, but it also has far-reaching economic ramifications. In Africa, it is already disrupting millions of people’s livelihoods, with disproportionate impact on poor households and small and informal businesses—and the pace of this disruption is likely to accelerate in …
While global attention is focused on efforts to fight the coronavirus pandemic, climate change will remain a defining long-term challenge that requires policies to create sustainable economies. ICAP’s “Emissions Trading Worldwide: Status Report 2020” finds that ETSs have continued to grow in their global coverage and ambition as a key …
Based on World Economic Forum partner research and the Forum’s Travel and Tourism Competitiveness Index, Argentina’s Travel and Tourism Competitiveness study examines ways for Argentina to strengthen these key sectors. Global trends towards sustainable tourism present an enormous opportunity for Argentina to design tourism offerings that appeal to this growing …
The implementation of better public spending practices can play a critically important role in helping countries make progress towards the Sustainable Development Goals (SDGs). As governments globally are starting to recognise, public sector procurement is more than simply an operational function—it can be a powerful force for change. Public spending …
The Bihar government presented its 14th Economic Survey 2019-20 in the Assembly. With an average of over 10% growth, Bihar has registered higher growth than the growth rate of India in the last three years. The per capita GSDP (Gross State Domestic Product) of Bihar was ₹47,541 at current prices …
This report reveals the cost of air pollution from fossil fuels and highlights solutions that can protect our health and benefit our communities. Air pollution generated by burning fossil fuels is attributed to approximately 4.5 million premature deaths worldwide every year, the report shows. Air pollution increases the incidence of …
Fiscal deficit targets sometimes lead to vicious cycles. As an economy slows, so do tax collections, and if the government slows down its spending to meet the deficit targets, it exacerbates weak growth — one of the risks flagged in this column last year (‘Seize the slowdown’, IE, August 30, …
Cambodia has made great strides towards Sustainable Development Goal (SDG) 2 but needs to do more to achieve zero hunger by 2030. The Government’s mid-term and strategic review (MTSR)13 of the National Strategy for Food Security and Nutrition (NSFSN) for 2014–201814 resulted in recommendations for the NSFSN for 2019–2023 and …
The report states that South Africa has a pivotal role in global mining, and it sets out a framework for the future sustainability of the local industry. "In recent years, the South African mining industry has had a declining contribution to the country's gross domestic product (GDP), which has led …
The Earth’s ecosystems are in steep decline, putting their ability to provide the ecosystem services on which the world’s economies rely at risk. Unless we reverse these trends, the implications for human wellbeing are profound. Although the depth of humankind’s reliance on nature cannot be fully captured in a single …
Following the release of new GDP estimates, nominal GDP for FY18/19 increased and the structure of the economy has changed. In October 2019, the Uganda Bureau of Statistics (UBOS) released new GDP estimates, updating the base year for estimating economic activity to 2016/17 from 2009/10. As a result, nominal GDP …
This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job quality such as employment status, informal employment and working poverty. It also examines income and social developments, and provides an indicator of social unrest.
Global growth is projected to be slightly faster in 2020 than the post-crisis low registered last year. While growth could be stronger if reduced trade tensions mitigate uncertainty, the balance of risks to the outlook is to the downside. Growth in emerging market and developing economies is also expected to …
Population and economic growth, as well as climate change, have pushed water crises to the top of the global agenda. Given the scale of the issues, delivering sustainable water management requires rapid mobilization of funding for water-related improvements and more effective use of existing resources. The Achieving Abundance Working Paper …
While the manufacturing and production sectors comprise 16% of global GDP and are key drivers for economies around the world,1 the complex network of supply chains on which these sectors rely presents enormous economic, social and environmental risks that must be collaboratively addressed. Blockchain technologies have the potential to mitigate …
Climate change is already having substantial physical impacts at a local level in regions across the world; the affected regions will continue to grow in number and size. Since the 1880s, the average global temperature has risen by about 1.1 degrees Celsius with significant regional variations. This brings higher probabilities …
