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] While we expect growth in oil consumption in 2024 (1.2 mb/d) and 2025 (1.1 mb/d) to remain robust by historical standards, structural factors will lead to a gradual easing of oil demand growth over the rest of this decade. IEA
• [New] Other regions, such as the Middle East and North Africa (MENA) and Southeast Asia, are expected to experience accelerated growth in steel demand after a slowdown in previous years. petromindo
• [New] We expect Pacific unit revenues to be in line with the prior year on 30% growth in capacity driven by strong demand for Korea and Japan, offsetting lower unit revenues in China. Yahoo Finance
• [New] The ADB's growth forecast for the 2024-25 fiscal year is in line with the projections made by the Reserve Bank of India. Mint
• [New] India's robust growth will be deiven by the demand for public and private sector investment and the gradual improvement in consumer demand. CNBCTV18
• [New] What we found is 80% of the consumers in the United States expect for governments and private sector to work on water conservation issues, and so that's 80% of consumers. The Washington Post
• [New] Growth of private debt: Private debt, particularly to companies backed by private equity, is rapidly expanding and forecasted to reach USD 2 trillion by 2027, competing with traditional funding routes. Evalueserve
• [New] Japan will provide and maintain a pressurized rover to support astronauts living and working on the Moon, while the United States will allocate two astronaut flight opportunities to the lunar surface for Japan on future Artemis missions. The White House
• [New] We forecast Canadian real GDP growth to slow to 0.5-1.0% compared to the long-term average growth rate of 2.0%. Letko, Brosseau & Associates
• [New] While private spending will remain the main driver of the U.S. economy's expansion, fiscal policy will make a positive contribution to growth. Letko, Brosseau & Associates
• [New] The World Bank is forecasting that Ghana's economy in 2024 is anticipated to experience a deceleration in growth, despite the anticipation of improved economic activity. CitiNewsroom.com
• While more growth is expected in the US and Japan, it is providing less of a boost to the demand in Asia-Pacific than in the past. The Business Times
• The growing demand will create opportunities for natural gas growth, especially as industrial coal-to-gas switching gathers peace in Asian countries. New Lines Institute
• The overall global packaging production in 2020 reached 3.8 trillion units, and a further 2.3% annual growth rate is forecasted until the year 2025, with a significant growth expected in Asia and Africa. SAGE Journals
• The very high levels of debt in Brazil can be expected to significantly reduce the potential for GDP growth in the years to come. The Emerging Markets Investor
• GDP Annual Growth Rate in Russia is expected to be 5.0% by the end of this quarter. Trading Economics
• Fastmarkets forecasts a significant growth in demand for lithium in the US of 487% to almost 412,000 tonnes of lithium carbonate equivalent by 2030. Yahoo Finance
• Investors are urged to consider dumping more XRP and accumulating more RETIK tokens in 2024 for the potential of substantial gains and long-term growth. Big News Network.com
• Wellness tourism, expanding at an average growth rate of 16.6% over the next five years, will reach a record $1 trillion by the end of 2024 and 1.3 trillion by 2025. TravelPulse
• In 2024, the persistent risk associated with remote workforces remains a top concern, compelling organizations to rethink their cybersecurity strategies to protect against sophisticated cyber threats in a decentralized work environment. Security Boulevard
• Demand for lithium has seen high growth rates for several years with no signs of slowing down anytime soon: lithium battery demand is expected to grow ten-fold by 2030. Kleinman Center for Energy Policy

Last updated: 14 April 2024