Tag: extractivism
-
Global unemployment set to worsen in 2024: UN
The global unemployment rate will increase slightly in 2024, the United Nations said on Wednesday (Jan 10) as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income. The UN’s labour agency said the economic recovery from the COVID-19 pandemic has slowed down, with ongoing geopolitical tensions and persistent inflation triggering aggressive moves…
-
Risk of financial ‘wasted decade’ for poor countries, World Bank warns
The global economy is set to slow for a third successive year in 2024 and is now on course for its weakest half-decade of growth since the early 1990s, the World Bank has warned. The Washington-based organisation said poor countries were being especially hard hit by a series of setbacks since the arrival of the…