The surge in violent extremism in sub-Saharan Africa undermines hard-won development gains and threatens to hold back progress for generations to come. The need to improve understanding of what drives violent extremism in Africa, and what can be done to prevent it, has never been more urgent.

Decentralisation has been one of the most prominent public sector reforms endorsed by international institutions. It has been initiated in a large number of developing economies, particularly in sub-Saharan Africa.

In January 2023, out of 36 African currencies reviewed, 29 currencies depreciated against the USD on annual basis, while 7 currencies recorded appreciations (see Table 19). The highest currency depreciation against USD was recorded for the Zimbabwean Dollar at 57.5 percent.

Finance Minister has presented the Union Budget 2023 in Parliament. Among the key takeaways are big incentives under the new income tax regime and a big push in capex. As the Finance Minister presented the Budget, equity benchmarks Sensex and Nifty gained momentum in morning trade.

India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally, said the Economic Survey 2022-23 tabled in the Parliament on 31.01.2023.

The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent.

The world output growth is projected to decelerate from an estimated 3 per cent in 2022 to 1.9 per cent in 2023, marking one of the lowest growth rates in recent decades, according to this report by the United Nations.

Africa’s Macroeconomic Performance and Outlook is the African Development Bank Group’s new biannual publication to be released in the first and third quarters of each year.

We are living through an unprecedented moment of multiple crises. Tens of millions more people are facing hunger. Hundreds of millions more face impossible rises in the cost of basic goods or heating their homes. Poverty has increased for the first time in 25 years. At the same time, these multiple crises all have winners.

Faltering  global employment growth and the pressure on decent working conditions risk undermining social justice, according to this World Employment and Social Outlook: Trends 2023 report by the ILO.