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Latin America tax evasion will strain state funds

Location:

LATIN AMERICA

VAT evasion alone amounted to some 2.4% of Latin America’s GDP in 2015 -- roughly the region’s estimated growth for 2017

Low participation rate points up Croatia’s slow reform

Location:

CROATIA

Croatia’s low labour force participation rates stem from a relatively unreformed economy with a large informal sector

Informality crimps Latin American options

Location:

LATIN AMERICA

The large informal sector reduces fiscal revenues and with them options to improve services and competitiveness

Rapid ageing will drive Latin America pension deficit

Location:

LATIN AMERICA

Rapid population ageing and high levels of informal employment will strain health and pension budgets in Latin America

The job dislocation of COVID-19 will reduce global GDP

Location:

INTERNATIONAL

The more jobs that are lost worldwide this year, the more disjointed the economic recovery will initially be

Pandemic will alter the apparel sector permanently

Location:

INT

The pandemic has altered consumption patterns and deepened environmental concerns in this vital economic sector

The looming pensions crisis requires policy attention

Location:

INT

Straining pension systems, 25% of people in high-income nations will be aged 65 or more by 2040, twice the share in 2000

Africa’s development may hinge on investment in people

Location:

AFRICA

Rapid population growth is challenging African nations to create jobs for their swelling working-age populations