Economics Perspective

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Global Labor Market in Crisis: 2.1 Billion Workers in Informal Employment, 284 Million in Extreme Poverty

According to the Employment and Social Trends 2026 report from the International Labour Organisation, the world labor market has remained tough amid continued economic instability. While the global unemployment rate is predicted to stay very low at 4.9% in 2026, it is also expected to reach a record high of 4.9% by that year.

The Revival of Industrial Policy: A New Era of Government Intervention in the Economy

The revival of industrial policy has been a significant trend in economic policy in recent years, with governments increasingly intervening in the economy to support specific industries and sectors.

Global economic outlook 2026: Challenges and Opportunities

The World Bank forecasts that global economic growth will decrease to 2.7% in 2026, which is lower than the growth rates seen before the COVID-19 pandemic. Rising consumer prices force consumers to tighten their belts and impose on themselves.

Debt Transparency: A Key to Sustainable Finance

Debt transparency in ensuring debt sustainability, citing examples of hidden debts leading to economic crises. It calls for improved reporting, creditor-side initiatives, and international cooperation to achieve radical transparency and boost sustainable development finance.

Rural Areas Left Behind: 44% of World Lives Without Access to Basic Necessities

The majority of the world lived in rural areas while they maintained their lives, but without warning, worldwide populated urban areas dramatically increased their majority share.

Fragile Economies in Crisis: World Bank Report Highlights Challenges and Opportunities for Growth

As stated by WIPO’s 2025 Global Innovation Index (GII), Switzerland ranks first and is followed by Sweden, the United States of America, the Republic of Korea, and Singapore.