The document collection discusses the challenges and opportunities facing the global community, focusing on issues such as persistent poverty, protracted conflicts, and the intractable climate crisis. It highlights the urgent need to create jobs for the 1.1 billion young people who will enter...

Economic growth in the Western Balkans slowed to 2.6 percent in 2023, from the 3.4 percent reached in 2022, reflecting the impact of a weak European economy weighed down by sequential shocks. Overall, the WB6 region has experienced a rise in total hours worked driven by employment growth and...

The report is structured as follows. Chapter 1 discusses the labor market constraints facing different segments of the working-age population, which can inform how to make work attractive. Chapter 2 explores the factors that are discouraging older people from re-entering the labor market and the...

This paper provides a macro-fiscal overview of Indonesia's progress along four interlinked dimensions of green growth. The first three sections will discuss green growth from the outcomes perspective, while the last section will look at green growth from the policy perspective: (i) carbon use in...

Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial conditions, and an increase in trade protection and industrial support in large and rich countries are key...

Latin America and the Caribbean (LAC) has made slow but consistent progress addressing the imbalances induced by the pandemic in an international environment that is just now showing signs of stabilizing. Despite favorable macroeconomic management, high interest rates and fiscal imbalances...

African countries' ability to create productive jobs and to effectively confront the challenges of climate change will depend on land policies that promote investment, market participation, and taxation of private land to be able to provide essential public goods and services. However, high cost...

Economic growth is expected to rebound in Sub-Saharan Africa, supported by increased private consumption and declining inflation in 2024. However, this positive outlook remains fragile due to uncertain global economic conditions, low fiscal buffers, growing debt service obligation, costly...