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The Challenges Facing the Global Economy

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The health of the global economy is of concern to many across the world, from businesses and investors to governments and organisations. For these entities, a positive outlook is welcome, but also just as important is an understanding of the challenges that the world has to work through

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The Challenges Facing the Global Economy

  1. 1. The Challenges Facing the Global Economy WILLAH JOSEPH MUDOLO
  2. 2. The Challenges Facing the Global Economy The health of the global economy is of concern to many across the world, from businesses and investors to governments and organisations. For these entities, a positive outlook is welcome, but also just as important is an understanding of the challenges that the world has to work through.
  3. 3. Willah Joseph Mudolo | 3 • Food Security By 2050, the World Economic Forum (WEF) estimates that the global population will be about nine billion, and every mouth will need to be fed. The United Nations (UN) has set food security as one of its Sustainable Development Goals (SDGs) with a timeline for 2030. The risk of not achieving food security is huge, as it could lead to widespread hunger. • Economic Inequality While there has been notable growth for various economies across the world, leading to wealth increases, this upward trajectory has also highlighted gaping income inequalities. Research suggests that this inequality leads to social and economic ills that pose a danger to future growth. • Unemploy­ ment Since the global financial crisis of 2008-09, the International Labour Organization estimated that more than 60 million jobs were lost. By 2020, hundreds of millions of jobs will be required to provide employment opportunities for the unemployed and those joining the workforce. Here are some of these challenges.
  4. 4. Willah Joseph Mudolo To learn more about this topic, visit the blog of .Willah Joseph Mudolo

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