UNITED NATIONS, Jan 10 (IPS) - In the past few years, the world economy has made significant strides in mitigating inflation, unemployment, and poverty. Despite this, global growth has yet to regain its pace from before the pandemic. This can be attributed to a host of issues that are plaguing the world, including climate shocks, armed conflicts, and rising geopolitical tensions. These issues have disproportionately adverse effects on developing nations. It is imperative to come up with a solution that advances economic growth for all in order to get back on track with the Sustainable Development Goals (SDGs).
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NEW JERSEY, USA, Jan 10 (IPS) - India has surged forward as the world's fifth-largest economy and has now surpassed China to claim the title of the most populous nation. However, this rapid ascent is not without its challenges; rising unemployment and inflation loom large, threatening demographic dividend and its ambitious goal of sustaining a 7 to 8% GDP growth.
Read the full story, “The Challenges Facing the Worlds Fifth Largest Economy”, on globalissues.org →
Global economic growth is projected to remain at 2.8 per cent in 2025, unchanged from this past year, according to a UN flagship report released on Thursday.
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