Nearly two years after the start of global disruptions due to COVID-19, economies, societies and organizations are continuing to grapple with the unpredictable trajectory of the virus.
Global sales of electric vehicles (EVs) increased by 55% in 2022 from the year before, according to data from the EV Volumes sales database. China remains the world’s largest EV market, with 59% of global sales. World Economic Forum estimates annual EV sales need to increase 18-fold by 2030 to meet global emissions targets.
Global growth is projected to decelerate in 2022, with economic disruptions driven by the spreading of the Omicron variant, as well as supply bottlenecks.
The World Economic Forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. Besides reports on its key events and standalone publications such as the Global Competitiveness Report, the Global Risks Report and the Global Gender Gap Report, the Forum ...
The war in Ukraine and sanctions are eroding Russia’s economic outlook for years to come, says an economist. Recent forecasts anticipate a 7-8% drop in Russian GDP in 2022-2023. Russia’s long-term growth is restricted by unfavourable demographic trends, low investment rates and low levels of productivity. But the harshest impacts on the Russian economy are still largely limited to ...
The 2022 rate hike cycle is the fastest, reaching a 2.36 percentage point increase nearly twice as fast as the rate hike cycle of ‘88-‘89. On the other hand, the most severe interest rate hikes occurred in the ‘04 – ‘06 cycle when the EFFR climbed by almost four percentage points.
While 2022 saw AI begin to advance scientific discovery, 2023 made further leaps in terms of science-related AI application launches, says the AI Index. Examples include Synbot, an AI-driven robotic chemist for synthesizing organic molecules, and GNoME, which discovers stable crystals for the likes of robotics and semiconductor manufacturing.
Have you read? Chief Economists Outlook: September 2022 What is the Consumer Price Index? A country’s CPI tracks the prices of everyday goods and services that households buy. This covers areas including food, clothing, transport and leisure spending.
While 2022 has seen the conflict in Ukraine and the subsequent mass displacement of its citizens, UNHCR reports that low- and middle-income countries housed the most displaced people in 2021, taking more than four in five refugees. Top of the list was Turkey, followed by Colombia, Uganda, Pakistan and Germany.
