Global economic growth is declining to about 2.5 per cent this year, the UN said. Apart from the initial COVID-19 crisis three years ago, and the global financial crisis in 2009, this represents the weakest level since 2001. Given the size of the contribution of cities to national economies, the...
Mr. Guterres was speaking on the final day of the annual Africa Dialogue Series in New York, where the focus this year was on accelerating implementation of the African Continental Free Trade Area (AfCFTA) – set to be the largest in the world. Harness the potential He said the pandemic...
In its 2023 State of World Population report, UNFPA said that while reaching the milestone of eight billion people on Earth was a reminder of “our unprecedented gains”, concerns over the number were “causing anxiety, and driving more governments to try to influence fertility rates.” However, the agency notes that...
This will be one of the lowest growth rates in recent decades, apart from during the 2007-8 financial crisis and the height of the COVID-19 pandemic. “In most countries we expect that private consumption and investment will weaken due to incomes and higher income rates”, said Ingo Pitterle, Senior Economist...
That’s according to UN trade and development agency, UNCTAD, whose analysts said that global growth “turned negative” during the second half of 2022. The UN agency said that trade in goods and services is expected to reach $25 trillion and $7 trillion respectively, by the end of the year. The...
The latest UN projections suggest that the world’s population could grow to around 8.5 billion in 2030 and 9.7 billion in 2050, before reaching a peak of around 10.4 billion people during the 2080s. The population is expected to remain at that level until 2100. Slowest growth rate since 1950s...