Sustainability

The global pandemic has drawn attention to sustainability, rising awareness and accelerating actions and investments from companies and governments. This report brings together insights from Euromonitor’s Voice of the Industry: Sustainability survey,…

Euromonitor International predicts the global economy to grow at 4.6% in 2022, but continuing to face pandemic-related risks including the ongoing supply constraints and new coronavirus variants. The pharmaceutical sector is expected to see the…

Latin America has among the largest forest and biodiversity availability in the world, but poor environmental protection and rapid forest loss threatens the region’s biomes. Many regional countries lead in sustainable energy sources, especially hydro…

The MEA region remains divided in terms of sustainability, as Africa continues to lack the financial means to reach Middle Eastern levels in terms of electrification, as well as food and water availability. While Africa benefits from the lowest…

Asia Pacific remains the largest CO2 emitter in the world, as rapid economic development and growing energy demand contribute to high consumption. Despite having huge potential for renewable energy sources, the region is still heavily dependent on…

Travel and tourism creates as much as 8% of the world’s carbon emissions, with calls for “a little less conversation, a little more action” when it comes to the sector’s engagement with the climate, despite progress made since the pandemic. There…

North Korea’s autocratic regime is the most repressed globally for economic freedom, which propagates corruption, but sanctions could bring the country to the negotiating table. The command economy has been crippled by these sanctions, and remains…

Sustainability is high on the agenda among Nordic consumers which has led to local businesses investing resources into acting in a sustainable fashion. Collaboration, innovation and resource consciousness among businesses are some tools that have…

Zimbabwe has little economic freedom and is one of the most repressed countries in the world. Economic development has been limited, stunted by hyperinflation and the Coronavirus (COVID-19) pandemic, resulting in social unrest. Poverty is on the…

Tuvalu has favourable political freedom, but a high dependency ratio and poor regulatory environment. In 2021, annual real GDP growth should recover from the Coronavirus (COVID-19) related slowdown of 2020, bolstered by the seafaring sector. Tuvalu…

Although autocratic rule is depressing economic freedom, state finances are solid and terrorism in Djibouti is limited. Port activities and military bases will support economic momentum in the medium term, but unemployment remains high. A high…

The US Virgin Islands has a good regulatory environment, which fosters business development. However, a lack of representation in the US is creating frustration amongst islanders. The economy is heavily dependent on tourism and recovery will depend…

Mongolia is a peaceful country, but with high levels of corruption and fragile governance. The economy should recover in 2021, driven by the vast mining sector, but the country’s dependence on this sector and exports to China leaves it vulnerable.…

French Polynesia receives considerable financial backing from France. Nevertheless, pro-independence factions remain vocal and can be destabilising. Significant reliance on tourism and a resurgence in Coronavirus (COVID-19) infections are likely to…

The Democratic Replublic of Congo (DRC) is afflicted with growing political divisions in a precarious security and humanitarian climate. Growth should be supported by the mining sector in 2021, as trade improves and inflation descends. Strong…

Although Bhutan has solid rankings for peace and terrorism, a lack of trade freedom is inhibiting economic freedom. Owing to the Coronavirus (COVID-19) pandemic and its effect on tourism, the economy is likely to struggle in the short term, although…

Malta is mostly free, helping businesses to flourish, but corruption is relatively widespread compared to regional peers. Foreign investors flock to the island, eager to participate in the financial services sector, but dependence on tourism and…

A new coalition government could bring some political stability to Malawi, although endemic corruption and fear of violence are rife in the country. Despite a high reliance on agriculture, the economy is expected to perform better than peers, whilst…

Zambia has many challenges, including pervasive corruption, a weak rule of law, and massive external debt. Economic development could be hampered by its heavy debt burden, whilst vast copper deposits expose the country to global commodity price…

Trinidad and Tobago is wealthy and stable; however, it is held back by a weak judiciary and high levels of corruption. Real GDP growth should return to the economy in 2021, after the deleterious effect that the Coronavirus (COVID-19) pandemic had in…