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 …
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 …
In 2021, North Africa showed strong signs of recovery from a downturn in 2020 due to the global pandemic and concomitant oil price collapse. The policy responses of governments helped mitigate the effect of these exogenous shocks, leading to a 3.9 percent real gross domestic product (GDP) growth rate in …
The paper highlights practices, challenges, and lessons learned from Ethiopia’s experience to mainstream climate change considerations into development strategies. It narrates Ethiopia’s experience and evolution with national development planning along the policy cycle [planning, implementation, and monitoring and evaluation (M&E;)]. The paper further summarizes how the Ethiopian climate change mainstreaming …
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 …
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 …
Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia’s invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 …
African economies are facing a series of challenges to their post-pandemic recovery. Economic activity in the region is slowing to 3.3 percent amid global headwinds, including weak global growth and tightening global financial conditions. Elevated inflation rates and resulting policy tightening, as well as the rising risk of debt distress, …
After the strong rebound of 6.5 percent posted in 2021, growth in Asia and Pacific is expected to moderate to 4.0 percent in 2022 amid an uncertain global environment and rise to 4.3 percent in 2023. Inflation has risen above most central bank targets, but is expected to peak in …
This report assesses recent progress in poverty reduction in Zanzibar. It is based on Zanzibar’s last three household budget surveys and considers the period between 2009 and 2019, with a focus on the last four years of this decade: 2015–2019. Poverty — based on household consumption — fell by 9 …
In this report, ADB has lowered its forecasts for economic growth in developing Asia and the Pacific to 4.3% in 2022 and 4.9% in 2023, amid mounting challenges. Its theme chapter looks at how digital entrepreneurship spurs growth and innovation. The region’s economy is expected to grow 4.3% this year, …
Japan has one of the highest installed renewable energy capacities in the world. The country is also one of the world’s largest consumers of energy. Lacking its own fossil fuel resources, it relies on imports for nearly all of its supply. This dependence on imports makes the country vulnerable to …
This Algeria Economic Update provides an account of main recent economic developments and policies. It places them in a global and longer-term context and assesses the consequences of these developments and policy changes for Algeria’s prospects. The report is intended for a wide audience, including policymakers, business leaders, financial market …
Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to this latest report by the International Monetary Fund (IMF). The World Economic Outlook Update July 2022: Gloomy and More Uncertain, highlights the significant consequences of the …
Air pollution is a global challenge to people’s health and has severe economic consequences. The region of Northeast Asia is no exception. Across most regions in Japan, and in the entire territories of Korea and China, annual average concentrations of fine particulate matter are above the guideline levels indicated by …
African countries must diversify their exports to survive economic shocks from global crises such as the COVID-19 pandemic and the war in Ukraine, says the United Nations Conference on Trade and Development (UNCTAD). In its Economic Development in Africa Report 2022, UNCTAD says African countries can diversify their economies through …
Sustainable economic development based on the oceans and meeting the aspirations of individual countries, the African Union, economic actors and the African public has many different labels. The choice of either of the terms ‘blue’ or ‘ocean’ linked to ‘economy’ are used in different contexts, but the key attributes desired …
The promotion of a bioeconomy is a strategic driver for the transformation of biobased sectors for sustainable economic growth and development. A central feature of the bioeconomy is that scientific research, knowledge and innovation can be applied to produce food, feed, fibre, and fuel, as well as agro-industrial and value …
Urbanization and regional trade integration are dual megatrends, and each is likely to have a powerful impact on African economies and broader economic development throughout the region. While African urbanization and African trade integration have both been extensively studied and are the subject of ongoing policy dialogue, the relationship between …
Intersecting global crises are threatening the 17 Sustainable Development Goals (SDGs) and impacting food supplies, health, education, and security across countries worldwide, according to this new UN report. The Sustainable Development Goals Report 2022 provides a global overview of progress on the implementation of the 2030 Agenda for Sustainable Development, …
