Global Scans · Decent Work and Growth · Weekly Summary

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] At the start of Q3, the US economy continues to expand though growth is expected to downshift in the second half of the year. American Chemistry Council
• [New] The upcoming Union Budget presents an opportunity to boost the growth of India's MSME sector. Times of India
• [New] Total telecom service revenue in Vietnam will increase at a CAGR of 4.7%, primarily supported by growth in the mobile data and fixed broadband service segments. Yahoo Finance
• [New] Aggressive growth forecasts for markets in China and India will be complemented by a positive growth outlook for North America and Europe. Research and Markets
• [New] Now there is a growing fear that the much-admired economic growth model of Bangladesh has got unstuck and falling short of expectations. The Financial Express
• [New] India will be the single largest and fastest driver of global energy demand growth, with its needs increasing by 19.3 mln barrels of oil equivalent per day by 2045, almost 30% of non-OECD energy demand growth. Financial Mirror
• [New] U.S. economic activity expanded at a slight to modest pace from late May through early July with firms expecting slower growth ahead. ThePrint
• [New] Hopes of a Fed easing (of interest rates), which can boost economic growth, and current summer travel in the U.S. are ensuring enough traction in oil demand from the world's largest economy. ThePrint
• [New] South Africa is undergoing a renewable energy revolution that is expected to be the most significant driver of growth and job creation in the next decade and beyond. SAnews
• [New] The fintech sector has high hopes for measures that will boost financial inclusion and economic growth with the Union Budget 2024 just a few weeks away. India Today
• [New] South Africa could tap into established HIV programs where many people have experience communicating sensitively and working with key population groups. Connecticut Public
• [New] Anticipated future growth in EVs is expected to boost global battery sales to more than four times the 2023 demand by 2030. Bain
• [New] Real equipment and software investment growth is projected to be 3.7% in 2024, with activity expected to pick up later in the year after the Fed lowers interest rates. For Construction Pros
• [New] The growth of e-commerce and global trade continues to drive demand for expedited shipping services, presenting opportunities for air freight companies. Yahoo Finance
• [New] Developing regions are often at the tail end of global trade, where opportunities for value addition and economic growth are limited. Diginomica
• [New] By driving innovation, creating new job opportunities, and stimulating economic growth, the circular economy plays a pivotal role in advancing the global agenda for generations to come. SDG Action
• The U.S. is generally in a favorable situation, but growth is expected to slow gradually due to the impact of prolonged high interest rates.
• Over the next few years, most industrial TES growth is expected to occur in Europe, with over 275 MWh of projects planned for deployment by ~2025. Automation.com
• Regardless, growth of TES technologies in the US is expected, though players developing other decarbonization technologies will compete for funding. Automation.com
• IRENA stresses the need for an annual growth rate of 16.4% in renewables to reach the target of tripling renewable energy capacity by 2030, as outlined in the 1.5 °C scenario. ""
• In the pessimistic scenario - where growth is weaker, inflation hotter and interest rates higher - deal volume is expected to show a muted recovery with 13% growth in 2024. MIT OpenCourseWare
• The autonomous truck industry is projected to have an annual growth rate of 25.6% over the next 20 years. Edge AI and Vision Alliance
• Due to continued growth in China's equipment procurement, China is expected to maintain its leading position throughout the forecast period (up to 2025). TrendForce Insights

Last updated: 21 July 2024