In a trade-connected world, an adverse impact on economic growth on account of temperature shock in one economy may have a spillover effect on other economies. The current study quantitatively evaluates the impact of temperature shock on economic growth, during 1971--2019 for 168 economies, through direct and spillover channels.

Projections for Africa’s average real GDP growth for 2023 and 2024 have been revised downwards. Growth is now projected at 3.4% in 2023 and 3.8% in 2024. These growth rates are lower than predicted in the 2023 AEO launched in May by 0.6 percentage points and 0.5 percentage points, respectively.

The theme of the 2023 Economic Report on Africa is “Building Africa’s Resilience to Global Economic Shocks.” The report focuses on the impact of multiple and recurring global shocks on African economies.

The fourteenth edition of the South Africa Economic Update, Safety First: The Economic Cost of Crime in South Africa, discusses South Africa’s economic prospects and highlights the critical need to address the challenge of high crime, to reduce its adverse effects on the economy and society at large.

The Jharkhand government has announced the implementation of the MSME Promotion Policy 2023, marking a significant step in supporting the state’s economic growth. The policy, detailed in the government’s gazette notification, introduces a range of relaxations and incentives for Micro, Small, and Medium Enterprises (MSMEs).

UNCTAD’s Least Developed Countries Report 2023 calls on the global community to urgently address the critical financial challenges faced by the world’s 46 most vulnerable nations.

The UT Ladakh Industrial Land Allotment Policy 2023 provides a framework, which will attract and realize National and International investments from various investors.

According to the Togo Economic Update released by the World Bank, trade openness and increased private investment mobilization will be key to unlocking Togo’s growth potential.

Sierra Leone’s economy experienced overlapping setbacks during 2022, as external spillovers from the Russian invasion of Ukraine aggravated domestic macroeconomic vulnerabilities. This led to high levels of inflation, a substantially weaker currency, greater imbalances in public finances, and lower foreign exchange reserves.

Oil windfalls during the 2000s were largely squandered, with Sudan failing to build the foundations of a non-oil economy.

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