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 sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of …
The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published, that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections. Global inflation is also heading down, signalling …
The report on State Energy Efficiency Index (SEEI) 2021-22 has been released during the review, planning and monitoring meeting of states and state utilities. The index developed by the Bureau of Energy Efficiency in association with Alliance for an Energy-Efficient Economy, assesses the annual progress of states and union territories …
Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest economic update. Titled "Altered Destinies: The Long-Term …
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 …
Growth across Sub-Saharan Africa remains sluggish, dragged down by uncertainty in the global economy, the underperformance of the continent’s largest economies, high inflation, and a sharp deceleration of investment growth, a World Bank report said. In the face of dampened growth prospects and rising debt levels, African governments must sharpen …
South Asia’s outlook is shaped by both good and bad news in the global economy. Lower commodity prices, a strong recovery in the services sector, and reduced disruptions in value chains are aiding South Asia’s recovery but rising interest rates and uncertainty in financial markets are putting downward pressure on …
India’s growth continued to be resilient, despite some signs of a moderation in the second half of FY22/23. Global economic activity slowed in the second half of 2022 on the back of synchronized monetary policy tightening, deteriorating financial conditions and ongoing inflationary pressures. However, the reopening of China’s economy and …
This book examines the role for natural resource wealth in driving Africa’s economic transformation and the implications of the low-carbon transition for resource-rich economies. Resource wealth remains central to most Sub-Saharan African economies, and significant untapped potential is in the ground. Subsoil assets—such as metals, minerals, oil, and gas—are key …
The transition to electric mobility (E-Mobility) represents a complex and multifaceted challenge for power systems that will require a range of solutions and approaches to address. Much of the literature covering this subject takes the perspective of higher-income countries. This report addresses the technical dimension of the challenge in the …
Tunisia's economic recovery slowed in 2022 while the current account and fiscal deficit rose amid mounting global energy and food prices and more working-age people stayed out of the labor market amid diminishing job prospects, according to the World Bank's Spring edition 2023 of the Tunisia Economic Monitor. The report …
In February 2023, Stock Market indicators from selected African markets, showed mixed trends on monthly and annual basis. On annual basis, stock market indices in Egypt, Nigeria, Tunisia and South Africa improved by respective rates of 52.6 percent, 17.7 percent, 13.6 percent and 2.2 percent in February 2023 compared to …
Arctic Council countries have a critical role in reducing air pollution as, due to their proximity to the Arctic region, improving air quality serves the double purpose to preserve the Arctic climate and improve health and welfare in the region. To substantially reduce air pollution and its negative health and …
The end of extreme poverty may finally be achieved by 2050, spurred by economic growth in low-income countries, according to a new economic forecast. Though the Covid pandemic began to reverse progress in eradicating extreme poverty, and additional challenges will emerge, the damage may have a very limited impact on …
More than half of the world's population will be overweight or obese by 2035 without significant action, according to this World Obesity Atlas 2023 published by the World Obesity Federation. Global study predicts that more than half the global population will be living with overweight and obesity within 12 years …
With economic growth reaching 3.7 percent in 2022, Mozambique’s economy is gaining momentum amid a challenging global context. Agriculture and services saw a good performance, owing to higher agricultural productivity and the full resumption of mobility. Increased external demand and prices for Mozambique’s key export commodities, notably coal and aluminum …
The UN SDGs highlight the importance of energy indicators in achieving sustainable development. The supply side of energy in Tanzania has received a significant boost and there are optimistic targets to suggest further improvements in this area. However, past experiences have shown that the problems of financial constraints and the …
The Blue Economy is one of the emerging strong pillars of socioeconomic and ecological development and growth across the world. It is one of the few resource-base whose exploitation can be conducted sustainably, and also whose ecological protection can generate economic value. In 2020, the United Nations Economic Commission for …
The Rwandan economy continued to achieve strong growth in 2022 despite global headwinds and an unprecedented increase in food prices, according to this20th edition of the Rwanda Economic Update report. Rwanda’s GDP grew by 8.4 percent in the first three quarters of 2022, after reaching 11 percent in 2021. Growth …
Electricity is central to many parts of life in modern societies and will become even more so as its role in transport and heating expands through technologies such as electric vehicles and heat pumps. Power generation is currently the largest source of carbon dioxide (CO2) emissions globally, but it is …
