Yemen remains one of the world's largest humanitarian crises. In 2023, a staggering 21.6 million people require some form of humanitarian assistance as 80 percent of the country struggles to put food on the table and access basic services.
Months of political and economic turmoil have put Pakistan in a position where it is under a deep crisis. The turmoil has been worsened by disastrous floods last year and record inflation.
Most respondents to the 2022-2023 Global Risks Perception Survey (GRPS) chose “Energy supply crisis”; “Cost-of-living crisis”; “Rising inflation”; “Food supply crisis” and “Cyberattacks on critical infrastructure” as among the top risks for 2023 with the greatest potential impact on a global scale (Figure 1.1).
Events such as war, economic decline, pandemic, extreme natural events that affect all countries in economic, social, cultural, political, and many other issues.
Yemen remains one of the world's largest humanitarian crises. In 2023, a staggering 21.6 million people require some form of humanitarian assistance as 80 percent of the country struggles to put food on the table and access basic services.
ITR Economics is forecasting that a macroeconomic recession will begin in late 2023 and persist throughout 2024. Business leaders recently had to lead their companies through the recession during the COVID-19 pandemic, and some were even in leadership positions back in 2008, during the Great Recession.
According to the Principled Aid Index, a study by OECD's DAC (Development Assistance Committee), the most generous donor nations tend to be the most humble and modest about the help they provide to the world's poor. Among DAC's 30 member countries, the four most generous are Luxembourg, Norway, Sweden and Denmark.
Key findings
The most generous country in the world is Indonesia for the fifth year in a row. The Top 10 most generous countries have changed substantially in 2021. More than three billion people helped someone they didn't know in 2021.
The most likely conflicts to occur in 2023, according to a recent survey of foreign policy experts, include China aggression toward Taiwan; an escalation of the conflict in Ukraine; growing civil unrest in Russia; a security crisis triggered by North Korea's development and testing of nuclear weapons and long-range ...
Even as COVID-19 continues to spread, the likelihood of another pandemic increases by 2% each year. Moreover, the threat of new pandemics is just one of several looming catastrophes – including climate change, war, and food insecurity – that conspire to make social and economic stability a thing of the past.
According to the Recession Probabilities Worldwide 2023 data, India has a 0% probability of recession this year, while UK and US have 75% and 65% chances of recession respectively. India stands at the first spot with 5.9% real GDP (annual percent change), while the US has 1.6% real GDP growth and Canada with 1.5%.
The Australian economy entered a recession after GDP fell 0.3% in Q1 2020 and a whopping 7% in Q2 2020 - the steepest contraction in the nation's recorded history. Prior to this economic anomaly, the last time Australia endured a recession was 1990-1991.
According to Call, between 1995 and 2005, the main examples of collapsed states included Somalia, which had a sustained collapse from 1990 to 2004; the Soviet Union in 1991; Yugoslavia in 1992; and possibly Afghanistan from 1992 to 1995.
The world's best country to live in is Sweden, as it ranked highest on the world report Quality of Life Index that measured attributes ranging from economic stability and progressivism to innovation and geographical attractions.
Pakistan tops the list of the cheapest countries in the world, with a cost of living index of $294. Sri Lanka and Nepal come in second and third on the list, with cost of living indexes of $316 and $385 respectively. Several African countries also feature on the list of the cheapest countries in the world.
Industrialization is considered the main way poor countries become developed. To successfully develop — or generate more wealth and output — many believe poor countries must shift employment away from agriculture and into manufacturing.
“China achieved its goal of poverty reduction in the new era as scheduled at the end of 2020”, said Yu Weiping, Vice Minister of Finance. “We have accomplished the arduous task of eliminating extreme poverty, and made significant contributions to global poverty reduction.
Will there be a recession in 2023? Most economists still expect a recession in the second half of the year. They say the Fed's high interest rates eventually will be felt more profoundly by consumers and businesses.
'Depressions' in the Economy. A recession is a downtrend in the economy that can affect production and employment, and produce lower household income and spending. The effects of a depression are much more severe, characterized by widespread unemployment and major pauses in economic activity.