Development
Three 2021 Statistical Thresholds of Interest By Dan Kopf WHAT WILL 2021 BRING for the global W e economy? Projections from the United Nations ((UN), International Monetary Fund (IMF), a and World Trade Organization (WTO) say the ffollowing o three things just might happen.
oto by greatgreenwall.org
c o u r s e , ” said António Guterres, UN SecretaryGeneral. “With smart policies and the right investments, we can chart a path that… r e v i v e s economies and builds resilience. Innovations Graphic of the planet with the Great in energy Green Wall drawn on it. Photo by and transport greatgreenwall.org can steer a sustainable recovery. Nature-based solutions – such as Africa’s Great Green Wall – are especially promising.” Co-organized by France, the United Nations and World Bank, the One Planet Summit (www. oneplanetsummit.fr/en) brought together world leaders to commit to action to protect and restore biodiversity. www.unenvironment.org/news-and-stories/story/ good-news-africas-great-green-wallImage credit: ocw.mit.edu
In 2021, the median human turn 31 - The world iis s slowly getting older. Longer lifespans combined w with falling fertility rates mean the world’s typical p person gets a little older each year. In 2021, the g global median is expected to hit 31 for the first ttime i in recorded history. An older world means a h higher share of global spending on health care, a and less on child care. In 2021, Tanzania’s population will surpass It Italy’s - For a good example of how the w world’s population is shifting, look no further tthan h Tanzania and Italy. From 1995 to 2020, T Tanzania’s population more than doubled from 3 30 million to 60 million people. In 2021, the UN p projects that Tanzania will become the world’s 2 23rd most populous country, surpassing Italy, w where the population has begun to decline due tto o low birth rates. These countries represent the b broader trend of Africa’s population increasing ffastest a among the world’s continents, while E Europe’s remains stagnant. In 2021, global GDP may hit $90 trillion Global GDP is set to hit $90 trillion, according tto o estimates from the IMF. The IMF projects that a after a 4.4% dip in 2020, the global economy will g grow by 5.2% in inflation-adjusted terms. The $ $90 trillion is not adjusted for inflation, but is still a useful number for putting economic metrics in perspective. For example, Microsoft had a $1.6 p valuation at the time of writing, meaning it ttrillion r is worth almost 1.8% of all of the money that will be spent next year. b https://finance.yahoo.com/news/five-statisticalthresholds-probably-breached-110059777.html Image credit: ocw.mit.edu
Image credit: ru.qaz.wiki 43
January-February 2021
DAWN
www.africabusinessassociation.org
