Africa

According to the WESP 2020, sluggish global growth threatens sustainable development; 1 in 5 countries will see per capita incomes stagnate or decline this year, notably in Africa, Latin America and parts of Western Asia; across the world, many policies continue to encourage the use of fossil fuels

Trudi Hartzenberg, Executive Director of the Trade Law Centre (tralac), discusses in her article the establishment of the African Continental Free Trade Area (AfCFTA) and what it means especially for LDCs.

WESP 2019 warns of rising climate risks to the world economy Parts of Africa and Latin America still experiencing very weak per capita income growth East and South Asia remain world’s most dynamic regions, but risks have increased English: PDF (178 kb) ...

Improved economic performance in the global economy increasingly overshadowed by heightened risks and humanitarian concerns; armed conflicts a major impediment to progress on sustainable development; need for a redoubling of policy efforts to support conflict prevention and resolution

Short-term prospects for the world economy continue to strengthen, but more efforts are needed to ensure the gains are widely shared Weak productivity growth and a lack of secure employment are constraining progress in many countries in Africa, Latin America and Western Asia Rising inequality in China and India poses a risk to medium-term growth prospects

WESP 2018 highlights that the strengthening global economy is an opportunity to address structural challenges Several economies in Africa, Latin America and Western Asia still see negligible per capita income growth East and South Asia remain world’s most dynamic regions

Growing private consumption, increased investment and strong government expenditure have improved the conditions for growth.

Capital inflows to emerging economies gain momentum Carbon dioxide emissions from international transport set to increase as global trade rebounds and tourism soars Africa’s economic growth is catching up with population growth Latin America and the Caribbean will see a mild recovery after two years of contraction

Trade policy under review in the United States of America Fall armyworm impacting the agricultural sector in Africa Economic fortunes diverging between Haiti and the Dominican Republic Central Bank of Yemen floats currency