Reorienting South Africa’s investment tax incentives to favor agriculture, manufacturing, trade, construction and other services sectors more, could increase job creation and stimulate economic growth in a slow growth environment, according to the latest World Bank economic analysis for the country.

Although a modest global recovery is projected for 2017-18, the world economy has not yet emerged from the period of slow growth, characterised by weak investment, dwindling trade and flagging productivity growth, according to the United Nations World Economic Situation and Prospects (WESP) 2017.

Around the world, no bigger policy challenge preoccupies leaders than expanding social participation in the process and benefits of economic growth.

Unemployment in India is projected to witness marginal increase between 2017 and 2018, signalling stagnation in job creation in the country, according to a UN labour report.

Economic inequality, societal polarization, and intensifying environmental dangers are the top three trends that will shape global developments over the next ten years — not least of all this year says this report.

Global economic growth is forecast to accelerate moderately to 2.7 percent in 2017 after a post-crisis low last year as obstacles to activity recede among emerging market and developing economy commodity exporters, while domestic demand remains solid among emerging and developing commodity importers, the World Bank said in a report.

In the past few decades rapid economic growth in emerging Asia has led to a critical increase of greenhouse gas (GHG) emissions, especially in China, which has now become one of the biggest GHG emitting countries in the world.

In recent years, some counties in Africa south of the Sahara (SSA) have experienced growth in their economies and improvements in living standards.

This research paper, commissioned as part of the series ‘Starting Strong: the first 1000 days of the SDGs’, identifies key actions toward addressing the unfinished business of the MDGs and how to reach those who are furthest behind in relation to the new SDGs.

Global poverty is increasingly concentrated among a group of 48 countries, which are falling further behind the rest of the world in terms of economic development, according to a United Nations report released by UNCTAD.

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