Tag: economy

The world economy is expected to see moderate growth in 2023, projected at 3.0%, but is anticipated to slow down slightly to 2.7% in 2024. This economic growth is largely driven by Asia, despite a weaker recovery in China than expected. However, global growth in 2024 is likely to be lower, primarily due to monetary policy becoming more visible and China's subdued domestic demand, said OECD in its latest report.

About 3.3 billion people now live in countries where debt interest payments are greater than expenditure on health or education even as the global public debt reached an all-time high of $92 trillion in 2022. This comes up in a report titled "A world of debt: A growing burden to global prosperity".

About one in three countries worldwide is at high risk of a fiscal crisis, with developing countries facing the greatest burden of debt.

Countries can now make more accurate diagnostics and measurements of their economic performance, thanks to UNCTAD’s Productive Capacities Index (PCI) launched on June 20.

Afghanistan is facing an unprecedented humanitarian crisis with a very real risk of systemic collapse and human catastrophe and this humanitarian crisis...

The countries that tackle food crisis or better their food system deliver a stronger economy, better livelihoods for a more inclusive set...

The poorest countries now spend over a tenth of their export revenues for their long-term public and publicly guaranteed external debt—the highest...

Remittances to low- and middle-income countries (LMICs) withstood global headwinds in 2022, showing a growth of five per cent to 626 billion...

The inflationary crisis combined with global slowdown in economic growth driven by Ukraine war and the global energy crisis have caused a...

Global economy is expected to further slow down in the coming year as the massive and historic energy shock triggered by Russia-...