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The world economy faces multiple mutually reinforcing shocks A series of severe and mutually reinforcing shocks hit the world economy in 2022, as it approached the mid-point for achieving the Sustainable Development Goals (SDGs) by 2030. While the impacts of the COVID-19 pandemic continue to reverberate worldwide, the war in Ukraine unleashed a new crisis, disrupting food and energy markets and exacerbating food insecurity and malnutrition in many developing countries. High inflation is eroding real incomes, triggering a global cost-of-living crisis that has pushed millions into poverty and economic hardship. At the same time, the climate crisis is taking a heavy toll on many countries,… World Economic Situation and Prospects: February 2023 Briefing, No. 169
Worldwide, populations are ageing rapidly due to gains in life expectancy and declines in fertility. The trend towards a growing number and share of older persons is projected to continue in the foreseeable future. As the number of older persons grows, their socioeconomic and demographic characteristics will evolve as well, with implications for economies, societies and public budgets. While long-term trends are hard to predict, assessing the characteristics of current and future cohorts of older persons provides important insights into the future of our ageing world. On the one hand, future cohorts of older persons are likely to be healthier and more educated?and therefore more productive?… UN DESA Policy Brief No. 150: Economic well-being at older ages: prospects for the future
Introduction Public institutions are confronted with far-reaching and complex challenges in building an inclusive and resilient post-COVID-19 society, ranging from public health and employment to education and social protection. These are coupled with other pressing challenges toward achieving the 2030 Agenda for Sustainable Development, including poverty eradication, climate change as well as energy and food crises. As governments alone cannot effectively respond to these multi-faceted challenges and ?participation is a key dimension of governance and one of the pillars of sustainable development?, collaborating with other stakeholders including the private sector, experts, civil society… UN DESA Policy Brief No. 149: Promoting Youth Participation in Decision-Making and Public Service Delivery through Harnessing Digital Technologies
Multiple shocks to the world economy The world continues to confront multiple, inter-connected crises. Amid a slow recovery from the impact of the COVID-19 pandemic, the world is facing a food and energy crisis exacerbated by the war in Ukraine, with record high inflation unleashing a cost-of-living crisis. Developing countries are struggling over the costs of imports and debt servicing, and a climate crisis continues to wreak havoc on the most vulnerable countries and populations. "This is not the time for short-term thinking or knee-jerk fiscal austerity that exacerbates inequality, increases suffering and could put the SDGs farther out of reach." - Ant?nio Guterres
Secretary-General… World Economic Situation and Prospects 2023
Beneficial ownership information: Supporting fair taxation and financial integrity Domestic public finance is essential to financing the Sustainable Development Goals (SDGs), providing public goods and services, increasing equity, and helping manage macroeconomic stability. The Addis Ababa Action Agenda places domestic resource mobilization at the core of the actions that countries need to take to deliver sustainable development. Countries have been working to increase revenues so that they can invest in the SDGs, but tax avoidance, tax evasion and corruption are undermining countries? efforts. Illicit financial flow (IFF) is the term that covers these activities (see Figure 1) that cross… UN DESA Policy Brief No. 148: Beneficial ownership information: Supporting fair taxation and financial integrity
Old age disadvantage begins at birth Much of the inequality between older persons has its roots in early life conditions. Without policies to prevent it, disadvantages reinforce one another through peoples? lives, leading to large disparities among older adults. A life course perspective on ageing is critical to improving people?s health and well-being throughout the life course into old age. Disability as a marker of inequality at older ages The onset and severity of disability ? affecting either physical or mental health ? profoundly impacts the lives of people and their families and incurs large economic and societal costs in terms of health care and caregiving needs. Disability is a key… UN DESA Policy Brief No. 147: Old age inequality begins at birth: life course influences on late-life disability
International migration can facilitate the achievement of many Goals and targets of the 2030 Agenda for Sustainable Development International migration is an integral part of the development process in countries of origin, transit and destination. The 2030 Agenda for Sustainable Development includes several targets related directly to international migration or migrants. The most explicit among them is target 10.7, which calls on countries to facilitate orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-managed migration policies. Other migration-related targets in the 2030 Agenda include strengthening and… UN DESA Policy Brief No. 146: Why safe, orderly and regular migration matters for sustainable development
Anchoring inflation expectations becomes even more crucial to fight inflation in 2023 The world economy faced a steep rise in the inflation rate in 2022, with rising inflation observed in both developed and developing economies. A series of global events triggered and aggravated the current global inflation surge. Recovering demand after the COVID-19 crisis against various supply constraints easily created upward pressures on prices. The war in Ukraine constrained supply and triggered higher commodity prices globally, particularly food and energy items. The appreciation of the US dollar vis-?-vis many currencies also contributed to the global inflation trend by raising the costs of imports… World Economic Situation and Prospects: January 2023 Briefing, No. 168