AI Could Boost Economic Growth in Asia by 2.1 Percentage Points by 2030
According to economists at the Asian Development Bank, AI could increase annual growth in the region’s advanced economies by as much as 2.1 percentage points by 2030.
According to economists at the Asian Development Bank, AI could increase annual growth in the region’s advanced economies by as much as 2.1 percentage points by 2030.
Around 55% of the workforce within the region has been in the informal sector for nearly 20 years, even though some measures were taken to simplify business registration and reduce hiring costs.
The OECD outlook for 2026 suggests that the global economy will continue to be highly uneven, with India growing by 7.1% while some major industrialized countries are expected to grow by less than 2%.
Global debt was already heading for World War II–era levels by 2028 before the Middle East war began. Now interest payments have risen from about 2 to nearly 3 percent of GDP in three years, squeezing schools and infrastructure.
The economist analyzes South Korea’s economic miracle and concludes that in order to develop, the country needed time, protection, and specific policies to promote its industries and export opportunities.
One-third of the companies have more than 100 days a year when average temperatures exceed 35 degrees Celsius. These conditions affect the financial performance of the companies negatively, as the companies that deal with a greater number of “hot” days have decreasing sales figures by around 6 percent.
The Fed's ninth straight hold came with its most divided vote since 2016, and the hawkish undertone is already tightening India's currency, equity, and borrowing conditions across seven sectors.
A comprehensive analysis of how hub-and-spoke networks have evolved in global maritime shipping over the last twenty years.
President Taye addresses debt relief and the milestone of the GERD at the 80th session of the United Nations General Assembly.
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At the World Economic Forum's Summer Davos in Dalian, World Bank data shows China's total goods and services exports at $3.77 trillion, up from virtually nothing in 1980. Renewable energy exports hit 68GW in March 2026 and EV exports reached $9.1 billion monthly, up from under $1 billion in 2022. Yet retail sales growth was just 0.2% year-over-year in April 2026, the lowest since 2022. China targets 5% GDP growth in 2026 as it balances dominance in manufacturing and clean energy with slowing domestic consumption.
The world bodies like the International Labour Organization (ILO), World Bank, and World Economic Forum (WEF) have come up with detailed figures that show the potential as well as the obstacles of investing investment into good employment opportunities in the world. The ILO in its World Employment and Social Outlook Update 2025 has reduced its expectations to create 53 million new jobs from the initial projection of 60 million new jobs in the world.
Traditionally, work was mostly linked with stability, having a stable job, predetermined working hours, a fixed income, and, most importantly, access to employment benefits and security of job.
India’s handloom exports are booming globally. Discover how govt schemes like NHDP, India Handloom Brand & GI tags are helping weavers reach international markets with sustainable products.
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