The world economy is forecast to grow by 2.7 per cent in 2024, up from 2.4 per cent projected at the start of the year. Growth will reach 2.8 per cent in 2025, representing a slight increase. These changes are mainly due to better-than-expected performance in some large developed and emerging countries, notably Brazil, India,…
“This year’s theme – invest in women – reminds us that ending the patriarchy requires money on the table,” UN Secretary-General António Guterres said in a statement for the International Day. “This all depends on unlocking finance for sustainable development so that countries have funds available to invest in women and girls,” he said, calling…
The preliminary assessment of the social and economic impacts of the conflict examines Gross Domestic Product (GDP) loss, recovery timelines and the enduring effects on poverty and household expenditure. It is estimated the annual GDP of Gaza declined by $655 million last year, equivalent to 24 per cent. “If Gaza is to remerge with a…
The report paints a bleak picture of socio-economic conditions since the Taliban returned to power in August 2021, with the erosion of women’s rights and a banking system near collapse, identified as major areas of concern. The Afghan economy has not recovered from the cumulative 27 per cent shrinkage experienced since 2020 and appears to…
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, and increasing climate disasters, which…
Beijing: A financial blow, such as losing a job or losing a savings account in middle age, can increase the risk of dementia, a study has found. A study conducted at China’s Zhejiang University School of Medicine studied 8,000 people between the ages of 50 and 65 who had lost 75 percent of their wealth…
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 Chair, Paulo Pinheiro. Speaking in…
Citizens stormed a grocery store in Argentina, leaving food and drink strewn on the street. The worst economic crisis continues in the country of South America, Argentina, because of inflation, people started looting the shops. According to foreign media reports, looters escape by taking everything including cash from the shops. Looting incidents have been reported…
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 regional groups, respectively. The…
Pakistan and IMF welcome progress on staff-level agreement, US State Department: Photo: File Washington: America says that it will continue its unwavering support for Pakistan’s economic success. In a media briefing, US State Department spokesperson Matthew Miller praised the staff level agreement between Pakistan and the IMF and emphasized on maintaining economic relations with Pakistan…
