Between 2022-2040, East Africa is predicted to record faster economic growth than sub-Saharan Africa at large and other Asian economies that are experiencing rapid industrialisation. However, like in other parts of sub-Saharan Africa, the region will still need to grapple with major challenges, including widespread poverty and political instability.
As the world’s energy landscape is undergoing a significant transformation, countries around the globe are striving to secure reliable and sustainable energy supply. However, not all nations are positioned equally in this quest for energy security. Our Global Energy Vulnerability Index sheds light on the energy vulnerabilities and strengths of different economies, revealing the challenges they face and the opportunities they can seize to enhance energy security.
Geopolitical tensions, stagnation in major economies, debt distress and climate change are the key risk factors that could result in further disruptions in the global economy. Macroeconomic shocks can have a major impact on business outcomes as they affect production costs, consumer spending power and market potential. As economic uncertainty persists, companies need to judge their business stability against future shocks and be ready for a range of macroeconomic scenarios.
Building back better is one of the most discussed ideas in tourism this year, particularly in Europe, and especially in the context of the post-pandemic rebound. Euromonitor International’s Sustainable Travel Index offers unique insights into resilience, overtourism, and value creation.
Albeit staying historically high, prices of many commodities are set to normalise below last year’s levels, weighed by weaker global demand. Despite recent improvements in global economic outlook, it remains fragile as high borrowing costs, persisting inflation, geopolitical woes and disappointing China’s recovery weigh on the outlook and dent demand for energy, metals and food. Yet, tightening global supply adds pressure to energy and food commodities markets.
Global inflationary pressures are predicted to moderate further over 2023 and 2024. Slower economic growth, stricter monetary policies of the central banks and supply chain improvements contribute to the price stabilisation. However, there are divergent inflation trends in the largest economies due to differences in the economic performance, labour and energy markets.