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 …
The rankings under Ease of Living Index 2020 were announced for cities with a population of more than a million, and cities with less than a million people. 111 cities participated in the assessment exercise that was conducted in 2020. The analysis categorises them into Million+ populated cities (those with …
The COVID-19 pandemic has resulted in a double shock - health and economic. As of March 1, 2021, COVID-19 has cost more than 2.5 million lives and triggered an economic recession surpassing any economic downturn since World War II. Part I of this paper explores the impact of this current …
The government’s expectations in the budget that there would be significant improvement in the Gross State Domestic Product (GSDP) in the coming financial year owed to several high frequency indicators about State’s economy, which was on the path of a rapid V-shaped recovery. A V-shaped recovery is characterised by a …
The authors conducted a large-sample global survey on climate economics, which we sent to all economists who have published climate-related research in the field’s highest-ranked academic journals; 738 responded. To their knowledge, this is the largest-ever expert survey on the economics of climate change. The survey findings suggest that economic …
COVID-19 has severely affected Ethiopia, weakening its economic performance. Ethiopia has experienced a collapse in external demand since April 2020 due to COVID-19. While merchandise exports, excluding gold, increased by 5.8 percent overall in FY20, they declined by 4.1 percent during July-December 2020 (year-on-year). Exports of garments, textiles, and fruits …
A diagnostic assessment of Zimbabwe's digital economy has been launched as part of the World Bank Group's Digital Economy for Africa (DE4A) Initiative, which leverages an integrated and foundations- based diagnostic framework to examine the present level of digital economy development across Africa. The assessment maps the current strengths and …
This report analyses the impacts that changes in trade structures, economic growth and technology have had on the greenhouse gas emissions (GhG) generated in the continent. It sets out climate change adaptation and mitigation strategies in the context of Africa’s economic transformation and development. In this sense, it aims to …
Amid extreme uncertainty during the COVID-19 pandemic, economic policymakers have struggled to respond to rapidly changing circumstances with appropriate speed and scale. One policy obstacle is the dearth of real-time indicators of the pandemic’s economic impacts, especially in low and middle income countries (LMICs). Here show that an ‘immobility’ indicator …
The global pandemic has taken a heavy toll on Mozambique’s economy. In 2020, the country experienced its first economic contraction in nearly three decades. COVID-19 (coronavirus) hit the economy as it was attempting to recover from the slowdown triggered by the hidden debt crisis and the tropical cyclones in 2019. …
The Economic Survey 2020-21 has predicted a "V-shaped" economic recovery for the nation, spurred by COVID-19 vaccination programme. India had started the world's largest coronavirus inoculation drive on January 16 month with healthcare workers and frontline workers. The government is likely to miss its fiscal deficit target of 3.5 per …
A once-in-a-century crisis—a Great Disruption unleashed by the COVID-19 pandemic—hit the world economy in 2020. The pandemic reached every corner of the world, infecting more than 90 million and, so far, has killed close to 2 million people worldwide. Governments around the world responded rapidly—and boldly—to stem the health and …
The State of Economic Inclusion Report 2021 sheds light on one of the most intractable challenges faced by development policy makers and practitioners: transforming the economic lives of the world’s poorest and most vulnerable people. Economic inclusion programs are a bundle of coordinated, multidimensional interventions that support individuals, households, and …
Although the global economy is emerging from the collapse triggered by COVID-19, the recovery is likely to be subdued, and global GDP is projected to remain well below its pre-pandemic trend for a prolonged period. Several risks cloud the outlook, including those related to the pandemic and to rapidly rising …
Jobs are vital for individuals to work their way out of poverty and for promoting shared prosperity. Somalia has few formal social safety nets, and the country is steadily consolidating peace and rebuilding state institutions following decades of conflict. Putting in place a jobs strategy as well as adaptive social …
The Thailand Economic Monitor (TEM) reports on key developments in Thailand’s economy over the past six months, situates these changes in the context of global trends and Thailand’s longer-term economic trajectory, and updates Thailand’s economic and social welfare outlook. Each edition of the TEM also provides an in-depth examination of …
The Thailand Economic Monitor (TEM) reports on key developments in Thailand’s economy over the past six months, situates these changes in the context of global trends and Thailand’s longer-term economic trajectory, and updates Thailand’s economic and social welfare outlook. Each edition of the TEM also provides an in-depth examination of …
This report analyzes four core areas of corporate governance in South Asia in light of global trends and best practices. It assesses the necessary regulatory preconditions for strong financial and economic development. The four core areas analyzed are (i) corporate governance legal frameworks, (ii) board structure and board diversity, (iii) …
Following a sharp decline in the first quarter of 2020, economic activity in China has normalized faster than expected, aided by an effective pandemic-control strategy, strong policy measures and buoyant exports. While swift, the recovery has been uneven, with domestic demand recovering more slowly than production, and consumption more slowly …
The Economic Commission for Africa (ECA) launched its flagship Economic Report on Africa (ERA), empowering the continental private sector to thrive and drive economic growth and recovery. The report titled: “Innovative Finance for Private Sector Development in Africa,” looks at innovative financing as a way of providing solutions to the …
The pandemic has induced a sharp recession in many countries across the globe. The COVID-19 (coronavirus) pandemic has caused an unprecedented shock to the global economy and led to an expected overall contraction of 4.4 percent in 2020. Advanced economies are projected to shrink by 5.8 percent and emerging and …
