The joint study by the UN Development Programme (UNDP) and the Economic and Social Commission for Western Asia (ESCWA), revealed that the poverty rate has surged to 58.4 per cent since the 7 October Hamas-led terror attacks began the escalation in violence, pushing nearly 1.74 million additional people into poverty. At the same time, the…
Kanni Wignaraja, Director of UNDP’s Regional Bureau for Asia and the Pacific, who recently visited the country, told correspondents in New York that 69 per cent of Afghans are “subsistence insecure” – meaning they do not have enough basic resources. “Something that really hit me … was the harsh impact of continuous natural disasters,” she…
The UN Conference on Trade and Development (UNCTAD) reported that world economic growth is expected to decelerate from three per cent last year to 2.4 per cent through 2023, with limited signs of a rebound in 2024. These figures underscore the urgent need for reform of the global financial system, more practical policies to…
Beijing: Youth unemployment hit a record high in the second quarter after China’s economic growth slowed. According to Al Jazeera report, gross domestic product (GDP) increased by 0.8 percent during April-June compared to the previous quarter. According to official data, there has been a significant decline in domestic and foreign demand in China. Retail sales…
Maulvi Haibatullah Akhundzada, the leader of the Taliban, says that the Islamic Emirate wants good political and economic relations with the world and especially with Islamic countries. will On the arrival of Eid-ul-Adha, Maulvi Haibatullah said that the predictions of the crisis and bankruptcy of the Afghan economy were proved wrong. He said that the…
Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest rates, and heightened uncertainties, in addition to the ever-worsening impact of climate change, the report found. Challenging development The current global economic outlook also presents an immediate challenge to delivering on the Sustainable Development Goals (SDGs), said Li Junhua, Under-Secretary-General for…
Occupied Jerusalem: Israeli settlers have uprooted 28,000 olive trees in the occupied West Bank so far this year, a vital part of the Palestinian economy. International media reported that local Palestinians heard the sound of electric saws and rushed to the scene where settlers were uprooting trees. The number has gone up to 28,000 this…
Tehran: The positive effects of the restoration of relations between Saudi Arabia and Iran in the past few days have started to emerge in the form of an increase in the price of the Iranian Rial. Yesterday, the Iranian Rial recovered some of its recent losses, with the Iranian Rial gaining more than 6 percent…
“We must develop fairer, more balanced policies that generate the political buy-in to drive change,” Deputy Secretary-General Amina Mohammed said in a video message. “What is also needed is a deeper social dialogue with actors across the real economy.” The day’s theme focuses on strengthening global solidarity and re-building trust in government by overcoming barriers…
File photo The IMF has warned that Britain will be the only developed country whose economy will shrink rather than grow this year. Britain’s growth rate is expected to fall to 10.3% while GDP is expected to fall to 6.0%. Thus, Britain’s economy will be worse than Russia’s. It should be noted that yesterday the…
