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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] Interest in complex generics is burgeoning and has the potential to enhance long-term growth for pharmaceutical manufacturers in India. ISPE | International Society for Pharmaceutical Engineering
  • [New] In the markets tracked by eMarketer, Latin America emerges with the fastest ecommerce growth rate, projected at 15.8% for the year. Mobile Marketing Reads
  • [New] On average, companies that aggressively digitize their supply chains can expect to boost annual growth of earnings before interest and taxes by 3.2% - the largest increase from digitizing any business area - and annual revenue growth by 2.3%. Cash Flow Inventory
  • [New] Three-fourths of occupations with updated projections, 496 in all, are expected to experience employment growth over the next 10 years in Minnesota. Minnesota Department of Employment and Economic Develop
  • [New] Downside risks from the global economic environment are high and could weigh on Indonesia's growth if they materialize. World Bank
  • [New] Global uranium production is expected to grow with a compound annual growth rate of 4.1% from 2024 to 2030, as output reaches 76.8 kt in 2030. TradingView
  • [New] With a CAGR of 7.7% over the forecast period, India is predicted to develop rapidly in the aerial work platforms industry. FMIBlog
  • [New] The aerial work platforms industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.5% through 2033. FMIBlog
  • [New] Euro area foreign demand is expected to recover more gradually compared with previous projections, held back by weaker import growth in some of the euro area's main trading partners last year, including the United Kingdom and central and eastern European countries. European Central Bank
  • [New] Geopolitical risks - remain high, dampening global growth and affecting shipping and trade, with the potential for shocks to cause severe disruption. Lexology
  • [New] The development, construction and operation of SMRs SMRs could support economic and population growth by generating new economic activity and creating high-skilled jobs in Saskatchewan. Ontario.ca
  • [New] Ontario's nuclear supply chain, represented by the Organization of Canadian Nuclear Industries is working to promote and enhance skilled trades, economic development and opportunities for Indigenous communities. Ontario.ca
  • [New] The growth of SMRs SMRs in Canada and around the world will drive an increased demand for uranium, providing new opportunities for uranium produced in Saskatchewan and potentially Alberta, and increased utilization of refinery and conversion facilities in Ontario. Ontario.ca
  • [New] Fortifying household balance sheets creates the potential for increased momentum for the US consumer in 2024, and we have seen how wage growth helped establish a strong foundation entering the year. AFIRE
  • [New] By embracing innovation, improving quality, and strategically marketing jute products, Bangladesh can effectively diversify its offerings to cater to diverse international markets, thereby unlocking significant export potential and contributing to economic growth. Press Xpress
  • [New] Rising demand from developing economies could feed oil demand growth through 2045. The Telegraph
  • [New] Resilience in US growth limits global recession risks by supporting demand, particularly in Canada, Europe, and China, where growth remains weaker but closely tied to US activity. CA-EN
  • The concentration of investment across North America, Western Europe, and China, whereby North America alone is expected to account for around two-fifths of all spend, although growth is also expected across Africa and the Middle East. TechRadar pro
  • Climate change disrupts the global economy primarily by health costs from people suffering from heat exposure, work stoppages when it's too hot to work, and economic disruptions cascading through supply chains. ScienceDaily
  • Global growth in demand for oil will slow this decade, and is likely to start declining in the following decade. Shell plc
  • For India, Fitch Ratings said, With GDP growth having exceeded 8% for three consecutive quarters, we expect an easing in growth momentum in the final quarter of the current fiscal year, implying an estimate of 7.8% for growth in FY24. Daily Pioneer
  • For the world, Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4%, as near-term world growth prospects have improved. Daily Pioneer
  • With the surging power requirements of AI, the HPC markets are experiencing exponential growth, projected to reach a global revenue of $65.12 billion by 2030. Applied Blockchain, Inc.

Last updated: 24 March 2024



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