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Cocktail of crises to scar the global economic outlook

Location:

INTERNATIONAL

A global recession now looks as likely as not after the IMF warned that the “worst is yet to come” for the world economy

Rising Argentina poverty brings long-term challenges

Location:

ARGENTINA

Urban poverty rose from 40.1% in the first half of 2023 to 41.7% in the second, with indigence up from 9.3% to 11.9%

Nutrition issues carry long-term cost in Latin America

Location:

LATIN AMERICA

Obesity and malnutrition are rising in the region, as slowing growth sees a rise in poverty

Long-term shifts to weaken traditional EU left

Location:

EU

Traditional left-wing parties are struggling for electoral success, despite the economic crisis

Cheap oil risks long-term Middle East stability

Location:

MENA

The oil price slump is straining finances across most of the region, raising the potential for instability down the line

Saudi instability risk will rise if reforms fail

Location:

SAUDI ARABIA

The kingdom's eroding public finances raise questions over its long-term resilience

Cheap oil will weigh long-term on top exporters

Location:

INT

OPEC members have so far failed to agree output cuts to boost prices

Weak long-run growth raises risks to the world economy

Location:

INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity

Post-pandemic inequality will endure in Latin America

Location:

LATIN AMERICA

The pandemic has undone much recent progress in poverty and inequality figures, possibly for some time to come

Joblessness will rise as job-save policies are unwound

Location:

INT

Policies have reduced the damage COVID-19 has done to Western job markets but these temporary schemes have to be unwound