One key finding is that poverty has tended to decline in many emerging and developing countries, whereas it has tended to increase in the majority of advanced economies. This report shows that decent work is paramount in the fight to reduce poverty. Although a breakdown by expenditure is not yet available, the print underlined that both domestic demand and the external sector contributed positively to growth. World Employment and Social Outlook 2016: Transforming jobs to end poverty. Activity softened toward the end of 2015 in advanced. GDP grew in sequential terms in Q3, albeit at a slightly softer pace than in Q2. Capacity constraints and supply disruptions dragged on manufacturing activity growth, while lower consumer confidence and slowing retail sales pointed to cooling household consumption. Explore the financial benefits from upgrading residential energy efficiency and the contribution these improvements could make towards the UK’s net zero. The global recovery has weakened further amid increasing financial turbulence. Annual growth more than halved in Q3, pointing to a waning recovery amid a broad-based slowdown. This is down from its previous forecasts of 3.4 and 3.6, respectively. This edition of the WESO looks at poverty reduction and how it has been influenced by income inequality and the availability of quality jobs in developing and developed countries. Tuesday, in its spring World Economic Outlook, the IMF said that it expects the world economy to expand by 3.2 in 2016 and 3.5 in 2017. įlagship report World Employment and Social Outlook 2016: Transforming jobs to end poverty World Employment and Social Outlook 2016: Transforming jobs to end.

World economy outlook 2016