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. …
A growing literature characterizes climate change damages by relating temperature shocks to GDP. But theory does not clearly prescribe estimable forms of this relationship, yielding discretion to researchers and generating potentially considerable model uncertainty. Therefore employ model cross validation to assess the out-of-sample predictive accuracy of 401 variants of prominent …
This study offers empirical evidence on the rural-urban gap in the context of growing inequality in Asia. First, China and India explain the trends in regional inequality given their large populations, signifying their importance as major contributors. Overall, China’s income inequality is characterized by rural-urban disparity, but the inequality within …
Karnataka has left behind Tamil Nadu in the renewable energy capacity addition race, surpassing the latter by 1.7 GW as at the end of March 2018, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Karnataka’s renewable capacity has also exceeded its coal-fired capacity …
This paper proposes an assessment of African countries’ growth patterns through the identification of acceleration episodes. About two-thirds of African countries have experienced at least one growth acceleration episode since the 1950s. In some cases, accelerations hardly contributed to long-term growth, as they led or lagged a crisis episode, but …
In order to accelerate the global transition to clean energy, it is important to systematically identify the risks associated with RE deployment and address these risks through a combination of policy and market-based interventions. Bolstering the business case for RE technologies in developing nations will help attract a steady flow …
This paper investigates the distributional changes that limited pro-poor growth in the past two decades in Sub-Saharan Africa; these changes went undetected by standard inequality measures. By developing a new decomposition technique based on a nonparametric method -- the relative distribution -- the paper finds a clear distributional pattern affecting …
Agriculture accounts for 70 percent of employment, overwhelmingly on small farms; occupies half of all land area, and provides half of all exports and one-quarter of GDP in Uganda. It is considered a leading sector for future economic growth and economic inclusion in the current National Development Plan. Yet despite …
This paper investigates factors behind the growth of carbon dioxide emissions over the 35 years between 1980 and 2015 in more than 100 countries, using an index decomposition technique (the Logarithmic Mean Divisia Index). The results are further confirmed using an econometric technique (the general method of moments). The study …
The NITI Aayog released the results of a study warning that India is facing its ‘worst’ water crisis in history and that demand for potable water will outstrip supply by 2030 if steps are not taken. Nearly 600 million Indians faced high to extreme water stress and about 2,00,000 people …
With an agri-food trade value of €255 billion in 2017, the EU confirms for yet another year its position as largest global exporter and importer of agri-food products. EU exports of agri-food products reached €138 billion in 2017, representing an annual increase of 5.1%. With imports at a value of …
Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said. Activity in advanced economies is expected to …
With private contributions becoming increasingly pivotal to global climate finance, it is evident that scaling up and channeling private capital is crucial in meeting the goal of achieving the Paris Agreement and limiting global warming to two degrees Celsius above the pre-industrial level. In the adaptation sector, however, little quantitative …
Rwanda's economy rebounded in the second half of 2017. The rebound, driven by improved exportperformance and revitalized agriculture, pushed annual growth to 6.1 percent and led to upwardrevisions of the growth projections for 2018 and 2019. However, although growth is currently recovering and is more balanced, it will most likely …
Recent policy measures have contributed to macroeconomic stability. However, with significant risks stemming from both domestic and external fronts, the balance of risks is tilted towards downside. To sustain growth, create more and better jobs and reduce poverty Sri Lanka needs to implement and sustain structural reforms to improve competitiveness. …
After three unprecedented consecutive years of decline, early estimates have brought the bad news that China’s energy-related CO2 emissions appear to have risen in 2017. Very preliminary estimates for the months passed of 2018 suggest that this trend is continuing. Is it time to give up hope that CO2 emissions …
The report emphasizes the importance of breaking the cycle of inequitable investment in human capital and lack of well-paying job opportunities that trap the poor in poverty, generation after generation. Children from poor households start life at a disadvantage. Malnourished and stunted, with poor access to quality health care, they …
Global temperatures have increased at an unprecedented pace in the past 40 years. This paper finds that increases in temperature have uneven macroeconomic effects, with adverse consequences concentrated in countries with hot climates, such as most low-income countries. In these countries, a rise in temperature lowers per capita output, in …
Dar es Salaam — The share of water supply, sewerage and waste management sector to the Gross Domestic Product (GDP) has gone down by more than 50 per cent over the last nine years. This means that despite implementation of several water projects in Tanzania, the rate of water access …
The Atlas of Sustainable Development Goals 2018 is a visual guide to the trends, challenges and measurement issues related to each of the 17 Sustainable Development Goals. The Atlas features maps and data visualizations, primarily drawn from World Development Indicators (WDI) - the World Bank’s compilation of internationally comparable statistics …
The Atlas of Sustainable Development Goals 2018 is a visual guide to the trends, challenges and measurement issues related to each of the 17 Sustainable Development Goals. The Atlas features maps and data visualizations, primarily drawn from World Development Indicators (WDI) - the World Bank’s compilation of internationally comparable statistics …
