Displaying items by tag: economic slowdown

Against a backdrop of weak trade and investment, high interest rates, high debt levels and rising debt service payments, growth in developing economies is projected to be low for the third consecutive year in 2024.

According to the report of the International Labor Organization (ILO), "World Employment and Social Outlook: Trends 2023", the employment generated in 2023 will only be enough to "compensate" the growth of the working age population in the region.