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 Third Economic Update, Agriculture as an Engine of Growth and Jobs Creation, examines the agriculture sector’s potential to be one of the leading sectors for a more diversified economy and how the sector could be transformed to be an engine of growth and job creation. Agriculture is an important …
National income is underpinned by a country's wealth--measured comprehensively to include all assets, produced capital, human capital, natural capital and net financial assets--and sustained economic growth over the long term requires investment in this broad portfolio of assets. While a macroeconomic indicator like GDP provides an important measure of economic …
African economies have been resilient to negative shocks, yet poor infrastructure remains a key obstacle to the continent’s inclusive growth, according to the 2018 edition of the African Economic Outlook (AEO) presented to delegates at the African Union Summit on Friday. Africa’s average real gross domestic product (GDP) growth in …
The Economic Survey of India (ESI) 2017-18 was tabled in parliament marking the first business of this year’s budget session. The ESI document gives an account of the performance of India’s economy during the ongoing fiscal while also providing projections for the upcoming financial year 2018-19. The survey pegged India’s …
Over the last decade, a policy revolution has been under way in the developing and emerging world. Country after country are systematically providing noncontributory transfers to poor and vulnerable people, in order to protect them against economic shocks and to enable them to invest in themselves and their children. Social …
Ministry of New and Renewable Energy has commissioned a study on “Economic Rate of Return for various Renewable Energy Technologies”. The objectives of the study include: economic impact of renewable energy; estimation of economic rate of return of various renewable energy technologies; comparing economic and financial rate of return; and …
Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, and nothing went to the bottom 50%. Dangerous, poorly …
The Inclusive Development Index (IDI) is an annual assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP. It has 3 pillars; growth and development; inclusion and; intergenerational equity – sustainable stewardship of natural and financial resources. The IDI …
The African Development Bank is launching the 2018 edition of its yearly flagship report, the African Economic Outlook (AEO), on January 17, 2018 at its headquarters in Abidjan. As a leading African institution, the Bank is the first to provide headline numbers on Africa’s macroeconomic performance and outlook. The African …
The global economy is in a broad-based cyclical recovery. Investment, manufacturing and trade are on the rebound. Financing conditions are benign, monetary policies are generally accommodative, and the worst impacts of the recent commodity price collapse have begun to dissipate. However, the global economic outlook remains clouded by a number …
The report blends a diagnostic assessment of the situation of Commodity Exchanges and WRS in 15 countries, drawn from across the African Continent, and builds on the learnings from it, a holistic strategy for support by the Bank and its partners to Africa’s comex and WRS sector through packages of …
Energy consumption in Southeast Asia has doubled in just over two decades. With annual economic growth exceeding 4%, the region can expect energy demand to rise further in the years ahead. This regional market analysis from the International Renewable Energy Agency (IRENA) examines the challenges of economic and population growth, …
This paper examines the transformation and diversification of the rural economy in Asia, focusing on the role and importance of the rural non-farm economy and employment in economic transformation and related diversification of employment and income opportunities for rural communities. Looking at the linkages across sectors (agriculture and others) and …
In 2016, on an average 25 people died due to respiratory ailments were recorded every day, up from 16 deaths every day in 2013, shows data presented in the Delhi Statistical Handbook, 2017 Delhi Statistical Hand Book-2017 is the 42nd issue being published by Directorate of Economics & Statistics, Government …
Given Africa’s enormous endowment of vast uncultivated land, immense untapped water, and labour resources, such measures are expected to boost the production of labour and natural resource-intensive products. Among the commodities for which Africa seems to possess a clear comparative advantage, coffee is a principal one. Currently, 25 African countries …
CO2 emissions and total global greenhouse gas emissions are reported for 2016, based on the latest update of the EDGAR v4.3.2 database, using statistics, where available, up to and including 2016. The conclusion of the report is that, in 2016, total global greenhouse gas (GHG) emissions continued to increase, by …
Without a renewed commitment to policy change, commodity-dependent developing countries (CDDCs) are by 2030 set to lag behind countries with more diverse economies in their social and economic achievements, UNCTAD and the Food and Agriculture Organization of the United Nations (FAO) said in a report. The Commodities and Development Report …
An upturn in the global economy—now growing by about 3 per cent—paves the way to reorient policy towards longer-term issues such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to the United Nations World Economic Situation and Prospects (WESP) 2018. The World Economic Situation …
This is a critical time for Kenya, as the incoming administrations at national and devolved levels face the high expectations of ordinary Kenyans to deliver on ambitious economic development agendas and hasten the attainment of Vision 2030. This sixteenth edition of the Kenya economic update seeks to contribute to the …
Over the past decade, India has taken several steps to address climate change while supporting long-term development objectives. This paper analyzes the climate change mitigation goals that have been set and the key policies that have been and are being implemented. The objective is threefold: to enhance understanding of India’s …
