Tag: economy

Uncover the groundbreaking report revealing the staggering economic cost of neglecting women's health. Explore the Global Alliance for Women's Health and the urgent need for a paradigm shift to address healthcare disparities

ILO's 2024 report raises concerns as global unemployment is set to rise, with growing inequality and stagnant productivity posing threats to the economic landscape

Explore the UN's Global Economic Outlook 2024, revealing a projected slowdown in global growth. Discover the challenges posed by high interest rates, conflicts, and climate disasters, and learn how bold investments are crucial for sustainable development and climate action

2023: A Year of Inequality and Unprecedented Challenges

Explore the global anticipations for 2024—optimism, concerns, and transformative shifts. From economic outlook to climate anxiety, delve into the diverse expectations shaping the narrative of the coming year

Remittances, a crucial financial support system for millions in developing economies, surged to nearly $800 billion in 2022. Approximately 80% of these funds, sent by migrants to their home countries, were directed towards low and middle-income nations.

The Organization for Economic Cooperation and Development (OECD) has released its latest Economic Outlook, predicting a modest global GDP growth of 2.9% in 2023. However, the report warns of challenges such as necessary monetary policy tightening, weak trade, and declining business and consumer confidence. Asia is anticipated to drive global growth in 2024-25.

While two-thirds of countries globally have enacted dedicated policies for renewable energy, the report unveils a stark contrast. Only half of least developed countries (LDCs) and a third of small island developing states (SIDS) have implemented such policies, said the United Nations Conference on Trade and Development (UNCTAD) in its latest Investment Policy Monitor.

The global economy stands at a pivotal moment, marked by a stark contrast between thriving and struggling economies, according to the United Nations Conference on Trade and Development (UNCTAD). In Trade and Development Report 2023, UNCTAD forecasts a slowdown in world economic growth from three percent in the previous year to 2.4 percent in 2023, with limited signs of recovery in 2024.

Majority of the people believe investing in infrastructure could stimulate economic growth and job creation but are cautious about delivery, increased taxation, and borrowing to fund such investments, according to a recent study. A recent global study conducted in 31 countries by Ipsos in collaboration with the Global Infrastructure Investor Association highlights this.