UN predicts 2023 as one of the worst years in decades

UN predicts 2023 as one of the worst years in decades

UN predicts 2023 as one of the worst years in decades

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The United Nations expects growth of 1.9% on average this year. One of the worst scores in decades.

With our correspondent in Geneva, jeremiah spear

The endless disruptions of Covid, the consequences of the Ukrainian war on the price of energy, on the supply of wheat, the runaway inflation, the climate emergency… It is no coincidence that the global economic machine is stuck. In Europe, we are heading for meager 0.2% growth, up from 3.3% in 2022.

We can clearly see this with what has happened in Europe over the last ten years: when an austerity policy is implemented, states reduce social spending. And women are often the first to be affected. Just think of health coverage for mothers, for their children, for maternity leave, warns Jéronim Capaldo, an economist at the Cnuced (United Nations Conference on Trade and Development) who warns against the temptation of austerity. But it is more than that. The cuts also affect jobs in education, in the “caring” professions [où les femmes sont sur-représentées] which are often financed by public authorities. »

Adapting the economy to climate change

Austerity could also prevent states from achieving their UN Sustainable Development Goals. The solution is not so much to tighten the belt a little more, says the UN, but to invest in the transformation of the economy to adapt it to climate change.

Good news anyway in this year 2023: the fall in energy and food prices should continue. As long as the war in Ukraine does not contradict a scenario that is anything but set in stone.

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