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Global Scans · Decent Work and Growth · Weekly Summary


In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

  • [New] The concentration of investment across North America, Western Europe, and China, whereby North America alone is expected to account for around two-fifths of all spend, although growth is also expected across Africa and the Middle East. TechRadar pro
  • [New] Climate change disrupts the global economy primarily by health costs from people suffering from heat exposure, work stoppages when it's too hot to work, and economic disruptions cascading through supply chains. ScienceDaily
  • [New] Global growth in demand for oil will slow this decade, and is likely to start declining in the following decade. Shell plc
  • [New] For India, Fitch Ratings said, With GDP growth having exceeded 8% for three consecutive quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8% for growth in FY24. Daily Pioneer
  • [New] For the world, Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4%, as near-term world growth prospects have improved. Daily Pioneer
  • [New] With the surging power requirements of AI, the HPC markets are experiencing exponential growth, projected to reach a global revenue of $65.12 billion by 2030. Applied Blockchain, Inc.
  • [New] Renewable Energy and Energy Storage: The renewable energy sector shows potential for substantial and rapid growth in India and has the potential to meet India's growing energy demand. International Trade Administration | Trade.gov
  • [New] Markets such as China and other emerging economies offer vast potential for membership growth and increased sales, given the rising middle-class populations and their growing appetite for quality international brands. Yahoo Finance
  • [New] Fitch expects world growth in 2025 to edge up to 2.5% as the eurozone finally recovers on a pick-up in real wages and consumption - but US growth slows. ThePrint
  • [New] Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4% in its latest Global Economic Outlook, arguing that the prospects for growth world over in the near-term have improved and. ThePrint
  • [New] Brent Crude Outlook The outlook for Brent crude oil prices is anticipated to hinge on growth prospects in China and the United States, as indicated by the latest International Monetary Fund growth forecast. GhanaWeb
  • [New] The Organization of the Petroleum Exporting Countries bloc, led by Saudi Arabia has retained its forecast for demand growth for 2024 and 2025, amid constant tensions in the Middle East. Mint
  • Corporate history in India has been dominant over the last decade and has opened up opportunities for women to meet people from varied domains and countries across the globe to experience how companies work and what can be adopted in the Indian real estate sector. FinancialExpress
  • On the economic front, growth rates are anticipated to bottom out in western economies, potentially triggering headlines of recession, while growth continues to rise in Asia. LBMA
  • Most industry experts have a bullish view on the CPO price in 2024 but mostly think that it will trade lower in the second half of 2024, while two notable palm oil experts have a bullish view on the CPO prices, citing the limited palm oil supply growth in the top two producing countries. Selangor Journal
  • TfL is working to remove fossil fuels across its building estate, as well as developing wider projects to improve energy efficiency and identify opportunities to generate renewable energy across its estate. Transport for London
  • Boosting productivity and growth will help boost tax receipts, and help the EU carry the cost of rearming itself against Russia's threat. Centre for European Reform
  • Domestic steel production in Vietnam is projected to increase from nearly 22 million tons in 2022 to 74 million tons in 2050, with a growth rate of around 4.5% per year. The National Bureau of Asian Research
  • Growth is now forecast to pick up from the first half of 2024 and the IMF is forecasting that the UK will have the third fastest cumulative growth in the G7 over the 2024-2028 period. GOV.UK
  • Forecasts indicate strong growth, reaching $80.17 billion in 2028, with a CAGR of 5.0%, propelled by economic expansion, investments in smart cities, and global collaboration for environmental protection. TBRC Business Research PVT LTD
  • Forecasts indicate robust growth, reaching $7,970.57 billion in 2028, with a CAGR of 5.2%, driven by digitization of business processes and sustainable development initiatives. TBRC Business Research PVT LTD
  • Forecasts indicate continued strong growth, reaching $144.28 billion in 2028, with a CAGR of 6.0%, driven by digital and social media dominance, influencer marketing, authenticity, globalization, and data-driven decision-making. TBRC Business Research PVT LTD

Last updated: 17 March 2024



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