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3 Min Read NEW YORK (Thomson Reuters Foundation) - The world economy will fare better this year than previous projections indicated, but a slow roll-out of COVID-19 vaccines in many developing countries will hamper their economic recoveries, the United Nations said on Tuesday. Global economic growth is expected to reach 5.4% this year, bouncing back from 2020’s contraction of 3.6% and picking up from forecasts issued in January, according to the latest World Economic Situation and Prospects report. However, the growth outlook in some nations in South Asia, sub-Saharan Africa and Latin Ameri...

India is forecast to grow at 10.1 per cent in 2022, the United Nations said. (Representational) United Nations: India is forecast to grow at 10.1 per cent in 2022, becoming the fastest growing major economy in the world, the United Nations said on Tuesday, but cautioned that the growth outlook of 2021 was "highly fragile" as the country was the "new hotbed of the pandemic." The United Nations, in its mid-year update of the World Economic Situation and Prospects (WESP) which was first released in January 2021, projected that the Indian economy would grow at 10.1 per cent in the calendar year ...

The United Nations Although the outlook for global growth has improved, the ongoing impacts of the COVID-19 pandemic, as well as inadequate progress on vaccination in poorer countries, are putting recovery at risk, according to the latest UN economic forecast, published on Tuesday. The World Economic Situation and Prospects (WESP) mid-year report warned widening inequality is threatening global growth, projected at 5.4 per cent this year. Vaccine access critical “Vaccine inequity between countries and regions is posing a significant risk to an already uneven and fragile global recovery”,...

"For Australia that expectation is going to weigh heavily," he told SBS news.  "We're going to come under mounting pressure at this summit and all the summits thereafter until we agree to act on climate change." Australia remains an outlier among international allies who have formally backed the target of net-zero emissions by 2050, including the Biden administration, the United Kingdom, Japan and South Korea. In a speech overnight, Prime Minister Scott Morrison appeared to inch closer to committing Australia to the goal. “We need to change our energy mix over the next 30 years on the road...

New report details indigenous struggle for land rights March 13, 2021 The Wayúu people are indigenous to Colombia. — courtesy WHO/PAHO/Karen González Abril NEW YORK— Although the world’s indigenous peoples live in areas that contain around 80 percent of the planet’s biodiversity, many still struggle to maintain their legal rights to lands, territories and resources, according to a new UN report published on Friday. The latest edition of the State of the World’s Indigenous People report examines challenges communities face in assertin...