Global Scans · Decent Work and Growth · Weekly Summary

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In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

• [New] Rental value growth in the UK is expected to moderate at around 5% in 2024, with London projecting a slightly higher growth rate of 6%. Prosperity Wealth
• [New] Shell's latest LNG outlook report projected demand for LNG to more than double by 2040, as industrial coal-to-gas switching gathers pace in China, and South Asian and South-East Asian countries lean more on LNG to support economic growth. Energy Connects
• [New] The digital modernization of South African mines is a significant shift towards the Fourth Industrial Revolution with mining companies creating value and envisioning the future of work as they mature digitally. IT News Africa | Business Technology, Telecoms and Star
• [New] A new California law that will force many employers in the Golden State to reclassify app-based contract workers as employees may stunt the growth of the gig work model, or radically restructure it. University of Toronto
• [New] In China, financial conditions have eased slightly but remain somewhat tight by historical standards, as risk sentiment is weighed down by growth and property sector issues. IMF eLibrary
• [New] The growth of online shopping shows no signs of slowing, with e-commerce sales projected to reach 23% of total retail sales globally by 2027. Passle
• [New] Rental opportunities Following the trend of capital growth, owning luxury properties in the Dominican Republic opens doors to profitable rental opportunities. Simply Dominican - Villas & Luxury Vacation Rentals In
• [New] The US-built vessel will not only contribute towards reliable, affordable and clean energy, but also benefit local communities in creating a significant local know-how and job opportunities, paving the way for future growth in the US offshore wind industry. ONT
• [New] With the potential for significant growth, the best new cryptocurrencies of 2024 hold the promise of reshaping industries, empowering users, and unlocking new possibilities in the digital asset space. Coinpedia Blockchain Fintech News
• [New] The positive trend in revenue growth is seen as a key factor in mitigating the rising debt burden, with revenue as a percentage of GDP expected to increase over the forecast period, offering a potential source of stability for Italy's fiscal outlook. West Observer
• [New] The potential for growth in emerging territories such as Africa is a green shoot of positivity. The Motley Fool UK
• [New] Budget 2024 confirms that provinces and territories will have to agree to work towards a net-zero electricity grid by 2035 in order for Crown corporations to access the $ 25.7-billion clean electricity tax credit. Canada's National Observer
• [New] The International Monetary Fund (IMF) has raised India's growth forecast for 2024-25 to 6.8% from 6.5% on the back of strong domestic demand and a rising working-age population. Yahoo Finance
• [New] The ALL4LIVER Grant program aims to support projects initiated by local communities in Africa, South America, Asia and Oceania, Europe, and North America (excluding the United States) to work towards the WHO goal of eliminating viral hepatitis as a public health threat by 2030. PharmiWeb.com
• [New] China's economy expanded at a faster-than-expected pace in the first three months of the year, fueled by policies that are intended to stimulate growth and stronger demand. The Washington Post
• [New] GDP Growth Forecast: Projections indicate that Asia's GDP growth will maintain stability, with a forecasted growth rate of 4.9% for 2024, a trend expected to persist into 2025. Blog
• [New] Supported by robust biofuel policies, increasing transport fuel demand, and abundant feedstock potential, emerging economies are forecast to drive 70% of global biofuel demand growth over the forecast period. Renewable Energy and Environmental Sustainability in India
• [New] China's economy, the second-largest in the world, is forecast to grow 4.6%, while India is expected to notch growth of 6.8%. CNN
• [New] Americas: Growth is expected to slow, with Argentina facing severe inflation, and Brazil's economic momentum dampened by external pressures and reliance on commodities. UNCTAD
• While we expect growth in oil consumption in 2024 (1.2 mb/d) and 2025 (1.1 mb/d) to remain robust by historical standards, structural factors will lead to a gradual easing of oil demand growth over the rest of this decade. IEA
• Other regions, such as the Middle East and North Africa (MENA) and Southeast Asia, are expected to experience accelerated growth in steel demand after a slowdown in previous years. petromindo

Last updated: 21 April 2024