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- Dictionaryeconomics/ˌiːkəˈnɒmɪks/
plural
- 1. the branch of knowledge concerned with the production, consumption, and transfer of wealth.
- 2. the condition of a region or group as regards material prosperity: "he is responsible for the island's modest economics"
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Apr 1, 2024 · Macroeconomics is the branch of economics that deals with the overall functioning of the economy. Macroeconomic policies have a critical influence on the decisions of households and firms to spend, save, hire and invest. And the conditions they foster set the stage for economic growth and development. The World Bank Group’s macroeconomists work toward the institution's primary goals of reducing poverty and ensuring shared prosperity by encouraging countries to enact stabilizing, effective ...
Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies what developing economies can do to avoid the “middle-income trap.”. Lower-middle-income countries must go beyond investment-driven strategies—they must also adopt modern technologies and successful business ...
Sep 16, 2024 · Between 2011 and 2019, the country is estimated to have halved the share of the population living in extreme poverty - below $2.15 per person per day (2017 PPP) (World Bank Poverty and Inequality Portal and Macro Poverty Outlook, Spring 2023). In recent years, however, the pace of poverty reduction has slowed especially during the COVID-19 ...
Jun 11, 2024 · But 80% of world population will experience slower growth than in pre-COVID decade. WASHINGTON, June 11, 2024 — The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank’s latest Global Economic Prospects report.
May 30, 2024 · The latest International Comparison Program (ICP) data show the size of the global economy in PPP terms in 2021 was $152 trillion. Middle-income countries accounted for more than half of the total. High-income economies accounted for slightly less than half. Low-income economies constituted barely 1% of global GDP.
WDR 2022 Chapter 1. Introduction. Chapter 1. The economic impacts of the COVID-19 crisis. The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries. Preliminary evidence suggests that ...
Course Details. Mode: Self-Paced. Health economics play an important role in making health systems more effective, efficient, and equitable. This e-Learning course provides the foundations for participants to better understand health economics and its potential contribution to decision making in the health sector.
Apr 3, 2024 · The World Bank Group helps countries promote strong governance of marine and coastal resources to improve their contribution to sustainable and inclusive economies by supporting sustainable fisheries and aquaculture, making coastlines more resilient, establishing coastal and marine protected areas, reducing pollution, and developing knowledge and capacity around ocean health.
Despite an improvement in near-term prospects, the global outlook remains subdued by historical standards. In 2024-25, growth is set to underperform its 2010s average in nearly 60 percent of economies, comprising over 80 percent of the global population. Downside risks predominate, including geopolitical tensions, trade fragmentation, higher ...
Oct 21, 2024 · Susanna B. Berkouwer is an Assistant Professor of Business Economics and Public Policy at the Wharton School of the University of Pennsylvania. Their research spans environmental economics and development economics, with projects studying energy efficiency adoption, carbon offsets, electricity grids, and air pollution from energy usage.
