economic Archives - Career Meaning

Economic recovery is losing steam, warns UN labour agency

·January 16, 2025·2 min read

The newly released World Employment and Social Outlook: Trends 2025, sheds light on the deceleration of the global economy. This is impacting labour markets and stalling progress on recovery from previous economic downturns. In 2024, global employment expanded in line with a growing labour force, keeping the unemployment rate steady,...

Security and economic woes plague West Africa, as key elections loom

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·December 20, 2024·2 min read

Leonardo Santos Simão, highlighted upcoming presidential elections in Côte d’Ivoire and Guinea-Bissau, and the adoption of constitutional reforms amid a strained political environment in Gambia. He also commended recent successful elections in Ghana and Senegal, noting the signing of a “Peace Pact” by all presidential candidates in Ghana and the...

Migrant workers ‘indispensable’ to global economic growth: UN labour agency

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·December 17, 2024·2 min read

Some 167.7 million migrants were part of the labour force in their destination countries in 2022 – an increase of more than 30 million since 2013, according to the ILO Global Estimates on International Migrant Workers. Of this number, 102.7 million were men and 64.9 million were women. Regional distribution...

Rise in Afghan opium cultivation reflects economic hardship, despite Taliban ban

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·November 6, 2024·1 min read

The rebound follows a massive 95 per cent decrease in 2023, when the ban nearly eliminated poppy production nationwide, leading to a severe decline in Afghanistan’s opium output. However, while cultivation has increased, the current levels remain substantially lower than in 2022, which saw 232,000 hectares under poppy cultivation. UNODC...

Flagship economic report highlights why global cooperation is key

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·January 5, 2024·4 min read

The flagship forecast launched in New York on Thursday indicates that last year’s stronger-than-expected GDP growth coming out of the COVID-19 pandemic masked short-term risks and structural vulnerabilities in the world economy. The sombre short-term outlook is based on persistently high interest rates, further escalation of conflicts, sluggish international trade,...

Syria: Urgent response needed to uptick in fighting, economic crisis

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·September 13, 2023·3 min read

In its latest report, the UN Human Rights Council (OHCHR) body found that attacks on civilians, escalating fighting, economic decline and human rights violations persist, despite the country’s re-admission to the League of Arab States. The continued war in Syria is a “monument to the failure of diplomacy” said Inquiry...

New Economic and Social Council leadership takes the helm

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·July 31, 2023·1 min read

The 54-member body, which is one of the six main pillars of the UN system, elected Paula Narváez Ojeda of Chile to the top seat. It also elected as Vice-Presidents, Akan Rakhmetullin (Kazakhstan), Ivan Šimonović (Croatia) and Robert Rae (Canada), representing the Asia-Pacific, Eastern European, and Western European and other...

Ukraine: Dam destruction ‘monumental humanitarian, economic and ecological catastrophe’: Guterres

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·June 7, 2023·4 min read

Water from the reservoir of the Kakhovka dam is also used to cool the nearby Zaporizhzhya nuclear power plant (ZNPP), Europe’s largest, which has been under constant threat since being occupied by Russian forces early in the conflict. The UN Office in Ukraine tweeted that “thousands of people in Ukraine are...

Economic woes dash job prospects in low income countries: ILO

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·May 31, 2023·2 min read

In its new Monitor on the World of Work report, ILO shows that while in high-income countries, only 8.2 per cent of people willing to work are jobless, that number rises to over 21 per cent in low-income countries – or one in every five people. Low-income countries in debt...

Afghanistan: UN predicts restrictions on women’s rights will worsen economic catastrophe

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·April 24, 2023·3 min read

The Afghanistan Socio-Economic Outlook 2023, released by the UN Development Programme (UNDP), provides an overview of the fallout resulting from the takeover of Afghanistan by its present-day de facto rulers, the Taliban, in August 2021. Immediately after the Taliban assumed power, the Afghan economy collapsed, accelerating Afghanistan’s decade-long slide into...

Human, economic, environmental toll of climate change on the rise: WMO

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·April 21, 2023·4 min read

WMO latest State of the Global Climate report shows that the last eight years were the eight warmest on record, and that sea level rise and ocean warming hit new highs. Record levels of greenhouse gases caused “planetary scale changes on land, in the ocean and in the atmosphere”. The...

Economic slowdown may force workers into ‘lower quality’ jobs

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·January 16, 2023·3 min read

According to the International Labour Organization (ILO), global employment is set to grow by just one per cent in 2023, which is less than half last year’s level. The number of people unemployed around the world is also expected to rise slightly, to 208 million. This corresponds to a global...