The global economic recovery is facing significant headwinds amid new waves of COVID-19 infections, persistent labour market challenges, lingering supply-chain challenges and rising inflationary pressures.
As the world enters the third year of the COVID-19 pandemic, the climate crisis remains the biggest long-term threat facing humanity, according to the 2022 Global Risks Report released by the World Economic Forum
An energy system centred on renewable energy can help resolve many of Africa’s social, economic, health and environmental challenges. A profound energy transition is not only feasible, it is essential for a climate-safe future in which sustainable development prerogatives are met.
Kenya's economic damage caused by COVID-19 will result in a downturn by 2023 that leaves the gross domestic product (GDP) to about 9 percent below the pre-crisis forecast, says a joint report released by economic think tanks.
To achieve quality growth over the medium-term, China will need to rebalance its economy across several dimensions, according to Rebalancing Act, From Recovery to High-Quality Growth, the latest China Economic Update released by the World Bank.
This working paper applies the Social Protection Reform Simulation (SPRS20) costing model to analyze the costs associated with social protection in 30 Asia and Pacific countries against the backdrop of the COVID-19 pandemic.
Already the poorest country in Asia, Afghanistan’s economic base has long been too small to support its population of 40 million. Annual per capita income had declined from US$650 in 2012 to US$508 in 2020 and is expected to drop precipitously to US$350 next year.