Prospects for Children in 2024: Cooperation in a Fragmented World is the latest edition of the Global Outlook, a series of reports produced each year by UNICEF Innocenti – Global Office of Research and Foresight, which look to the key trends affecting children and young people over the following 12 months and beyond.

Global growth is expected to slow further this year, reflecting the lagged and ongoing effects of tight monetary policy to rein in inflation, restrictive credit conditions, and anemic global trade and investment.

Notwithstanding slower global growth and lingering impacts of recent catastrophic floods, private sector activity, outside the oil sector, has been supported by a relative return to peace, and higher government spending. Nevertheless, the economy is estimated to have contracted by 0.4 percent in FY23/24, reflecting drags from oil production.

Somalia has remained on a strong economic reform path despite the various global and exogenous shocks that have continued to buffet the economy.

Global economic growth is projected to decline from an estimated 2.7% in 2023 to 2.4% in 2024, according to this report by the United Nations.

This report assesses the current literature on how risks and impacts from climate change will affect physical infrastructure important for global trade.

Kenya’s economic performance strengthened in 2023 despite continued challenges, with real GDP growth accelerating from 4.8% in 2022 to an estimated 5% in 2023.

The Government of Nigeria avoided a fiscal cliff by implementing bold reforms, including ending the gasoline (premium motor spirit, PMS) subsidy, and shifting to a unified, market-reflective foreign exchange (FX) rate. These essential reforms entail painful adjustments.

The government of Malawi, under its recent national development strategy and vision (Malawi 2063), plans to transform the country into an upper-middle-income country by 2063. Achieving this goal will require strengthening efforts to foster high and sustained economic growth.

Migration will likely become increasingly important for Tunisia in terms of both inflows and outflows, given the demographic transition in both Tunisia and Europe. As such Tunisia can work (also with partner countries) to maximize the benefits of migration.

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