This is how climate change could impact the global economy
Jun 28, 2021 · The largest impact of climate change is that it could wipe off up to 18% of GDP off the worldwide economy by 2050 if global temperatures rise by 3.2°C, the Swiss Re Institute warns. Forecast based on temperature increases staying on the current trajectory and the Paris Agreement and net-zero emissions targets not being met.
Global debt is at $307 trillion. Why does it matter ... - World ...
Dec 21, 2023 · Global debt has already hit a record $307 trillion in 2023, the Institute of International Finance says. This covers borrowing by governments, businesses and households. While recession concerns have eased in some quarters, 6 out of 10 chief economists expect the global economy to weaken this year, according to the World Economic Forum's latest ...
Which are the world’s biggest economies by GDP? | World …
Oct 13, 2020 · The top 10 economies combined made up two-thirds of GDP, while the 42 represented on the chart made up just over 90% of the world’s GDP, and the rest of the world accounted for the remaining 9.8%. Africa is the smallest region represented, with three economies - Nigeria, South Africa and Egypt - together making up $1.1 trillion of global GDP.
Global Gender Gap Report 2024 | World Economic Forum
Jun 11, 2024 · The Global Gender Gap Index 2024 benchmarks the current state and evolution of gender parity across four key dimensions (Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment). It is the longest-standing index tracking the progress of numerous countries’ efforts towards closing these gaps over time …
GDP: What is it and why does it matter? - The World Economic …
May 19, 2022 · A growing argument against GDP is that it doesn’t measure the wellbeing of a country and its people. Wellbeing, equality and inclusion are key measures globally of sustainable development – and against this backdrop, the World Economic Forum suggested in 2016 that GDP was “struggling to stay relevant” on its ‘Beyond GDP’ platform.
India could become the world’s 3rd largest economy in the next 5 …
Jan 15, 2024 · Amidst a challenging global scenario, India has emerged as a significant economic and geopolitical power. 2023 was a landmark year for India as it assumed the presidency of the G20, marked by some notable achievements. India is poised to play a defining role in shaping the future of the global economy in 2024 and beyond.
This is what climate change costs economies around the world
Nov 29, 2023 · The international system has struggled to make the required progress on climate change, according to the World Economic Forum’s Global Risks Report 2023. Around the world we’re counting the cost of climate change, in every way, but what does this mean in terms of economic losses, what are the main causes and where is this being felt the most?
Why oil prices matter to the global economy - an expert explains ...
Feb 16, 2022 · Oil accounts for approximately 3% of GDP and is one of the most important commodities in the world – petroleum products can be found in everything from personal protective equipment, plastics, chemicals and fertilisers through to aspirin, clothing, fuel for transportation and even solar panels.
What will global GDP look like in 2030? | World Economic Forum
Feb 25, 2016 · Global GDP is expected to increase by 2030, but the gap between the richest and poorest economies is set to stay almost the same. This visualization by Aron Strandberg uses data from the ERS International Macroeconomic Data Set to show the change in global GDP distribution between 1970 and 2030 looking at the United States, China and India.
What is travel and tourism’s role in future global prosperity?
Jan 12, 2024 · Given that T&T accounts for 7.6% of global GDP and close to 300 million jobs, the sector plays a critical role in addressing societal and economic challenges. The sector's significance magnifies as it empowers small- and medium-sized enterprises, with over 80% of T&T businesses falling under this category.