Global Scans · Decent Work and Growth · Weekly Summary

In September 2015, 193 world leaders agreed to 17 Global Goals for Sustainable Development. If these Goals are completed, it would mean an end to extreme poverty, inequality and climate change by 2030.
Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

• [New] Softlines, Hardlines & Toys (46% of divisional revenue) saw high-single digit organic growth in the first quarter of 2024, due to the end of destocking and early shipments, in response to logistics delays from the Red Sea shipping lanes disruptions. Yahoo Finance
• [New] With extensive storage and expansion capabilities, the MCHH project will help drive the growth of the domestic and global hydrogen economy to accelerate renewable hydrogen adoption at scale. TradingView
• [New] Water markets, which allow competing users to trade water voluntarily, offer Florida the best hope of aligning economic growth, water conservation, and ecosystem health. Property and Environment Research Center
• [New] Electric vehicle (EV) sales are expected to soar to around 17 million units in 2024, marking another year of robust growth in the automotive sector. EV Markets Reports
• [New] The bond for low carbon and recycled aluminum will outpace the general growth in demand for aluminum with an expected growth rate of 20% annually towards 2030 in Europe and in North America. investing.com
• [New] There is little precedent for the Fed to cut rates in robust growth periods such as the present, with gross domestic product expected to accelerate at a 2.4% annualized pace in the first quarter of 2024, which would mark the seventh consecutive quarter of growth better than 2%. TheAdviserMagazine.com
• [New] Factors such as high interest rates and economic uncertainty could potentially reduce the growth of global electric car sales in 2024. IEA
• [New] Across all regions outside the three major EV markets, electric car sales are expected to represent around 5% of total car sales in 2024, which - considering the high growth rates seen in recent years - could indicate that a tipping point towards global mass adoption is getting closer. IEA
• [New] Based on recent trends, and considering that tightening CO 2 targets are due to come in only in 2025, the growth in electric car sales in Europe is expected to be the lowest of the three largest markets. IEA
• [New] Anglo American explains that there is continuing uncertainty around economic growth prospects has led to a continued cautious purchasing approach by Sightholders and the recovery in rough diamond demand is expected to be gradual through the rest of the year. Share Talk
• [New] Based on the World Bank's estimate, the growth rate of Iran's population during 2015-2019 will be equal to 1.32% and reach 1.13% and 1% during 2020-2024 and 2025, respectively. BioMed Central
• [New] We expect growth in Latin America to average about 2% per year in the next five years, below its already low historical average. Eurasia Review
• [New] With traffic along the GDSC accounting for 7% of the world's container trade, the initiatives by GDSC partners and stakeholders will help generate growth and new opportunities for maritime professionals. Cyprus Shipping News
• [New] SAP growth will be strongest in developing nations in Asia but will be much more moderate in mainland China as population growth moderates. S&P Global
• [New] Geopolitical factors continue to cloud the picture for global trade and could well weaken projected growth in the coming 18 months. British Chamber of Commerce in Indonesia
• Rental value growth in the UK is expected to moderate at around 5% in 2024, with London projecting a slightly higher growth rate of 6%. Prosperity Wealth
• Shell's latest LNG outlook report projected demand for LNG to more than double by 2040, as industrial coal-to-gas switching gathers pace in China, and South Asian and South-East Asian countries lean more on LNG to support economic growth. Energy Connects
• The digital modernization of South African mines is a significant shift towards the Fourth Industrial Revolution with mining companies creating value and envisioning the future of work as they mature digitally. IT News Africa | Business Technology, Telecoms and Star
• A new California law that will force many employers in the Golden State to reclassify app-based contract workers as employees may stunt the growth of the gig work model, or radically restructure it. University of Toronto
• In China, financial conditions have eased slightly but remain somewhat tight by historical standards, as risk sentiment is weighed down by growth and property sector issues. IMF eLibrary
• The growth of online shopping shows no signs of slowing, with e-commerce sales projected to reach 23% of total retail sales globally by 2027. Passle
• Rental opportunities Following the trend of capital growth, owning luxury properties in the Dominican Republic opens doors to profitable rental opportunities. Simply Dominican - Villas & Luxury Vacation Rentals In

Last updated: 28 April 2024