Even if the economic fallout remains comparatively contained, global growth is forecast to slow to 2.7% in 2023, with around one-third of the world’s economy facing a technical recession – the third-weakest growth profile in over 20 years. 18 This downturn will be led by advanced markets, with projected growth falling to 1.1% in 2023, while ...
Share, comment, bookmark or report
War and conflict, polarized politics, a continuing cost-of-living crisis and the ever-increasing impacts of a changing climate are destabilizing the global order. The key findings of the World Economic Forum’s Global Risks Report 2024 reflect these most pressing challenges faced by people in every region of the world.
Share, comment, bookmark or report
The most widely accepted definition of a recession is two consecutive quarters of declining GDP. According to a forecast by The Conference Board, U.S. real GDP growth will slow to 1.5% in the first quarter of 2022, down sharply from 6.9% growth in the last quarter of 2021. The White House is confident of strong GDP growth in 2022 despite ...
Share, comment, bookmark or report
There are a number of practical initiatives happening right now to address the global housing crisis. The World Economic Forum’s Framework for the Future of Real Estate provides an action-oriented roadmap for rethinking our approach to buildings, based around four pillars of liveability, sustainability, resilience and affordability.
Share, comment, bookmark or report
If you are in Crisis, please know that you are not alone, and help is available. If you are seeking urgent support and live in Dorset, you can call Connection on 0800 652 0190. If you live outside of Dorset and need to talk to someone, you can call The Samaritans on 116 123 or email: jo@samaritans.org. When we are struggling, it takes a great ...
Share, comment, bookmark or report
Led this year by Somalia, Ethiopia, and Afghanistan, the 20 countries that form the 2023 Watchlist are emblematic of the challenges facing fragile and crisis-affected communities worldwide. Armed conflict, the climate crisis and economic turmoil are pushing a growing minority of the world’s population into ever deeper crisis.
Share, comment, bookmark or report
And that experience has a name - ‘polycrisis’. It describes the interplay between the COVID-19 pandemic, the war in Ukraine and the energy, cost-of-living and climate crises. The word cropped up throughout panel discussions at the World Economic Forum’s Annual Meeting in Davos. Experts evaluating the short- and long-term challenges facing ...
Share, comment, bookmark or report
The climate crisis is significantly impacting livelihoods and businesses. Image: Statista While the good news contained in the report showed that improved warnings and disaster management has cut the number of lives lost, there is no getting away from the huge human and environmental cost of the climate crisis, and the impact it is having on livelihoods and businesses.
Share, comment, bookmark or report
The world is in the middle of its first truly global energy crisis. The answer is not additional fossil fuels, but instead putting efforts into the energy transition, according to the Executive Director of the International Energy Agency. Fatih Birol told the Energy Outlook: Overcoming the Crisis panel on the opening morning of Davos 2022, that ...
Share, comment, bookmark or report
Among the economies that experienced a banking crisis in 2007–08, about 85 percent are still operating at output levels below precrisis trends. The number is smaller (around 60 percent) for the group that did not experience a banking crisis in 2007–08. For some countries, the output loss represents a correction from unsustainable precrisis ...
Share, comment, bookmark or report
Comments