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.

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 renewables readiness assessment (RRA) for Burkina Faso identifies several drivers for the country to accelerate its energy transition. The renewable energy sector of Burkina Faso is considered to be a strategic priority for international co-operation and investment, for several reasons.

Climate-induced disasters are causing increasingly frequent and intense economic damages, disproportionally affecting emerging markets and developing economies (EMDEs) relative to advanced economies (AEs). However, the impact of various types of climate shocks on output growth and fiscal positions of EMDEs is not fully understood.

The Ethiopian economy relies predominantly on rainfed agriculture for income generation, export earnings, and rural livelihoods. However, the frequency and intensity of extreme ago-climatic events projected by climate scenarios suggest considerable and growing risks from climate change to the country’s agri-food systems and the overall economy.

Progressive policies are critical to boost the socio-economic benefits of the energy transition and spread them broadly across the world, this new report released by the International Renewable Energy Agency (IRENA) ahead of the UN Climate Conference COP28 in Dubai finds.

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.

This issue brief aims to highlight consumption-driven emissions inequities among income classes, both within and across nations. It examines a diverse range of developed and developing economies, accounting for approximately 81 per cent of global emissions, 86 per cent of the world's GDP, and 66 per cent of the global population.

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.

This report explores the potential socio-economic impacts of the energy transition in Egypt, and shows that a successful, just and inclusive energy transition in Egypt can bring about a brighter, more prosperous and healthier future for its citizens.