The Laotian Times reported on May 31 that Chinese businesses have signed an agreement to purchase 1.5 billion USD worth of agricultural products from Laos from 2021 to 2025.
Leaders around the world are seeking to address the health and economic fallouts of the COVID-19 crisis, while also confronting the reality of the climate crisis. Responding to this combination of crises will require decisive action. Recent analyses suggest that implementing green strategies for pandemic recovery along with ambitious climate policies can have positive short-run and long-term effects in terms of jobs, poverty reduction, GDP growth, and social and equity goals.
Evidence from Oxford University demonstrates that economic recovery policies can effectively deliver both economic and climate benefits. IEA’s Sustainable Recovery Plan shows that investing $1 trillion (0.7% of global GDP) each year between 2021-2023 in six key energy sectors (transportation, industry, electricity, fuels, buildings and emerging low-carbon technologies) could increase worldwide economic growth by 1.1% each year boosting jobs faster than what would be achieved with investments in the fossil f
JAKARTA: Indonesia’s first annual economic contraction since the 1998 Asian financial crisis may have a long-term impact on the country, pushing back the government’s efforts to escape from the middle-income trap by 2045, a top government official has warned.
Indonesia’s first annual economic contraction since the 1998 Asian financial crisis may have a long-term impact on the country, pushing back the government’s efforts to escape from the middle-income trap by 2045, a top government official has warned.
With its economy contracting 2.07 percent in 2020 due to the COVID-19 pandemic, Indonesia is projected to return to its status as a lower middle-income .