The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …
ierra Leone’s economy is projected to recover from the COVID-19 contraction with real GDP expected to rebound by 3.0 percent in 2021, an upward revision of 0.8 percentage point relative to the 2020 forecast, according to the new World Bank Sierra Leone Economic Update. The growth rebound reflects the expected …
In 2020 the Nigerian economy shrank by 1.8%, its deepest decline since 1983. The COVID-19 crisis drove the economic slowdown; the external context was marked by capital outflows, intensified risk aversion, low oil prices, and shrinking foreign remittances. The Nigeria Development Update Resilience through Reforms states that reforms implemented by …
The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a …
Climate economic modelling is a critical process that informs policy makers of the costs, benefits and potential trade-offs of climate risks and climate change adaptation on the economy. It can be useful to support problem framing, stakeholder engagement and awareness raising, and advocacy and communications related to climate change. This …
The Ugandan economy is recovering from a sharp contraction due to the COVID-19 (coronavirus) shock that had slowed growth to its lowest pace in over three decades. Real GDP growth is estimated to reach above 3 percent during FY21, following the modest recovery of 0.7 percent in the first half …
The COVID-19 pandemic is an employment as well as a health crisis. This ILO flagship report details its effects on the world of work.This year’s World Employment and Social Outlook: Trends examines global and regional trends in employment, unemployment, labour force participation and productivity, as well as dimensions of job …
Somalia Economic Update reports aim to contribute to policymaking and the national conversations on topic issues related to economic recovery and development. The report contains three main messages. The COVID-19 pandemic exposed the costs of not investing in a public health system. The near-term economic prospects for Somalia depend on …
This document presents some of the main routes by which R4D can contribute to agricultural transformation in the Sahel towards inclusive and sustainable economic growth, social development and resilience, including climate smart agricultural technologies appropriate to smallholder farming families. This will be achieved through a six pronged strategy: (i) Increasing …
This third edition of the Zimbabwe Economic Update (ZEU) aims to provide both a current and historical background covering the pre-pandemic (2019) and pandemic (2020 to April 2021) period. The 2019-2020 period marked a very difficult time for the country as 2019 was clouded by a prolonged drought, unprecedented cyclone …
The South Sudan economy is projected to contract by 4.1 percent in FY2020/21, with growth negatively affected by the impact of the COVID-19 pandemic, lower oil production, floods, and increased conflict intensity in parts of the country. With the economic decline in FY2020/21, living conditions have deteriorated, with some 8.3 …
The Rwanda Economic Update (REU) analyzes recent economic developments and prospects, as well as Rwanda’s policy priorities. The REU is intended for a wide audience of policymakers, business leaders, other market participants, analysts of Rwanda’s economy, and civil society. It draws on data reported by the Government of Rwanda and …
India saw 1.67 million deaths —18% of total mortality— due to air pollution in 2019. However, the impacts of air pollution are not limited to health but also on the economic front. Now, a report titled “Air pollution – the silent pandemic and its impact on business” by the Clean …
Culture and creativity have untapped potential to deliver social, economic, and spatial benefits for cities and communities. Cultural and creative industries are key drivers of the creative economy and represent important sources of employment, economic growth, and innovation, thus contributing to city competitiveness and sustainability. Through their contribution to urban …
While the global growth outlook has improved, led by robust rebound in China and the United States, surging COVID-19 infections and inadequate vaccination progress in many countries threaten a broad-based recovery of the world economy, says the latest United Nations forecast released. According to the World Economic Situation and Prospects …
This analysis investigates the potential mechanism and the practical significance of the impacts of agricultural value chain development in a geographically challenging rural area of a developing country. Use data from a carefully designed primary survey administered in the hill and mountainous region in Western Nepal. Using the inverse probability …
Global prospects remain highly uncertain one year into the pandemic. New virus mutations and the accumulating human toll raise concerns, even as growing vaccine coverage lifts sentiment. Economic recoveries are diverging across countries and sectors, reflecting variation in pandemic-induced disruptions and the extent of policy support. The outlook depends not …
This working paper examines the evidence relating to the relationship between finance and economic growth in sub-Saharan Africa. It reviews the financial landscape, progress and gaps in its development since 2000. Although the region as a whole has made significant progress – including expansion of the banking system’s scale and …
Modern economic policy making in Nigeria has placed enormous emphasis on diversification of the economy to non-oil productive sectors. With the aim to restore economic growth following the 2015-16 recession and lay the foundations for long-term structural change, the economic growth and recovery plan (ERGP) recognized the need to diversify …
The Bhutan Development Update (BDU) is published annually. It assesses recent economic and social developments, prospects, and policies in Bhutan. The BDU also provides an in-depth analysis of selected economic and policy issues. In this edition, the special section focuses on e-trade, outlining opportunities and challenges in harnessing digital trade …
This report presents economic prospects for developing Asia and the Pacific. It includes analysis of the impacts of school closures caused by the pandemic and a theme chapter on financing a green and inclusive recovery. Growth in 2021 is forecast to be strongest in East and South Asia, and more …
