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. …
Macroeconomic and fiscal reforms are urgently needed to lift Nigeria’s development outcomes, which are severely constrained by inefficient use of resources, argues the new Nigeria Public Finance Review report. For years, a large share of Nigeria’s resources have financed inefficient and regressive subsidies for petrol, electricity, and foreign exchange. Not …
The economic outlook for Southern Africa will be affected by an additional threat that arises from global warming. The 13 countries are intertwined in a climate-water-energy-food nexus with a high reliance on climate-sensitive sectors. Consistent with the shift in global climate, Southern Africa is likely to observe a rise in …
Chapter 1 of this report looks at these conditions in some length. The analysis covers all the 15 member countries of the Economic Community of West African States (ECOWAS): Benin, Burkina Faso, Cabo Verde, Cote d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. …
Risk factors that could affect the economic outlook are present and relatively prevalent, despite signs that the COVID-19 health crisis could ease significantly. Continuation of the war in Ukraine and prolonged restrictions on exports from Russia could put further upward pressure on food and energy prices. This would weigh heavily …
The World Energy Trilemma is in its 12th year of publication amidst a time of unprecedented energy shocks and multiple crises that continue to cause disruptions to energy systems. The interaction of these shocks and crises has a cascading impact that affect energy security, energy affordability and sustainability issues including …
The Poverty and Gender Assessment examines the structural challenges to securing a robust and inclusive recovery from the pandemic and sustained progress in poverty reduction and gender equality in The Gambia. It leverages a diverse set of data sources to understand the nature of poverty and household welfare, and highlights …
As nations convene for the 27th UN Climate Conference (COP27), the UN Conference on Trade and Development (UNCTAD) has set out the actions needed to ensure global efforts towards a low-carbon future don’t leave least developed countries (LDCs) behind. UNCTAD’s Least Developed Countries Report 2022 says LDCs are the "litmus …
India is one of the most vulnerable countries to the impacts of climate change, ranking 7th out of 181 in the Global Climate Risk Index 2021. More than 75% of Indian districts are hotspots for extreme climate events. It is clear that climate change poses a significant threat to India, …
The African Development Bank’s East Africa Regional Economic Outlook 2022 reviews the economic performance of 13 East African countries over the past year with short- to medium-term projections. The countries are Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda. Overall, East Africa recorded …
The outlook for global labour markets has worsened in recent months and on current trends job vacancies will decline and global employment growth will deteriorate significantly in the final quarter of 2022, according to this new ILO report. Rising inflation is causing real wages to fall in many countries. This …
The African Energy Chamber has launched ‘The State of African Energy: 2023 Outlook,’ a consolidated report providing global investors and energy companies with the insights they need to make informed decisions in 2023 and beyond. This detailed report analyzing current, emerging and future oil and gas market trends as well …
Sub-Saharan Africa’s recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But growth in 2022 is expected to slow sharply by more than 1 percentage point to 3.6 percent, as a worldwide slowdown, tighter global financial conditions, and a dramatic …
The aim of this research is to assist the African Natural Resources Management and Investment Centre (ANRC), an entity of the African Development Bank (AfDB), to meet its commitment to advise regional member countries (RMCs) on important aspects of natural resource management and to ensure nature fully supports Africa’s future …
The 2022 Commitment to Reducing Inequality (CRI) Index is the first detailed analysis published looking at governments’ policies and actions to fight inequality during the first two years of the pandemic. It reviews the spending, tax and labour policies and actions of 161 governments during 2020–2022. COVID-19 has increased inequality …
The creative economy is one of the world’s fastest-growing sectors. These industries create employment and income, promote innovation, and contribute to societies’ well-being. The creative economy offers a feasible development option to all countries and in particular to developing economies. More data and innovative and multidisciplinary policy responses are needed …
South Asia is facing renewed challenges. The impact of the Russia-Ukraine war on food and energy prices on domestic inflation is long-lasting. Externally, countries’ current account balances deteriorate rapidly as imports rise on the back of economic recovery and rising inflation, remittances decline, and foreign capital flows out following monetary …
Energy efficiency plays a central role in climate change mitigation policies, but their impact on economy-wide energy consumption is uncertain. Improved methods to measure energy efficiency savings are adopted mainly in countries with mandatory energy efficiency targets. These countries combine bottom-up and top-down methods to enhance reliability. India has implemented …
In an earlier paper (Dev and Sengupta, 2020) had discussed the potential and immediate impact of the shock of the Covid-19 pandemic on various segments of the Indian economy. In this paper, which is a sequel to the previous study, dig deeper into how the Indian economy fared during the …
Quantifying the impact of the COVID-19 pandemic on poverty in Africa has been as difficult as predicting the path of the pandemic, mainly due to data limitations. The advent of new data sources, including national accounts and phone survey data, provides an opportunity for a thorough reassessment of the impact …
This Country Climate and Development Report aims to support Malawi’s efforts to achieve its development goals within a changing climate by quantifying the impacts of climate change on the economy and highlighting key policies and interventions that are needed to strengthen climate resilience. The analysis includes climate modeling across multiple …
