Posts belonging to Category Africa

World’s population in 2100 could be 2 billion below UN projections

China‘s will fall from 1.4 billion people today to 730 million in 80 years

Earth will be home to 8.8 billion souls in 2100, two billion fewer than current UN projections, according to a major study published Wednesday that foresees new global power alignments shaped by declining fertility rates and greying populations. By century’s end, 183 of 195 countries – barring an influx of immigrants -– will have fallen below the replacement threshold needed to maintain population levels, an international team of researchers reported in The Lancet.

More than 20 countries – including Japan, Spain, Italy, Thailand, Portugal, South Korea and Poland – will see their numbers diminish by at least half. China‘s will fall nearly that much, from 1.4 billion people today to 730 million in 80 years. Sub-Saharan Africa, meanwhile, will triple in size to some three billion people, with Nigeria alone expanding to almost 800 million in 2100, second only to India’s 1.1 billion.

V-shaped recovery ?

Pickup in global pay-rolls and V-shaped activity in the advertising industry

An astonishing pickup in payrolls during May has rekindled hopes that the economic slump may not be nearly as bad as it looked and could soon give way to an exodus of workers back to their jobs and a sharp broader recovery. Where Wall Street economists were looking for a nonfarm payrolls loss of around 8 million, the month actually saw a gain of 2.5 million. The estimated unemployment rate was 19.5%, which would have been the nation’s worst since the Great Depression era. Instead, the number came in at 13.3% which is still well clear of anything the U.S. has seen since World War II, but far better than the worst doom-and-gloom estimates.

Friday’s “report marks the beginning of the labor market recovery in our view, and we expect the unemployment rate to fall further in June,” Jan Hatzius, chief economist at Goldman Sachs, said in a note. Hatzius added that Goldman is reviewing its projections for unemployment, which it had anticipated topping out at 15% this year.

Global Wave of Debt Is Largest, Fastest in 50 Years

The debt-to-GDP ratio of developing countries has climbed  to 168 percent

Debt in emerging and developing economies (EMDEs) climbed to a record US$55 trillion in 2018, marking an eight-year surge that has been the largest, fastest, and most broad-based in nearly five decades, according to a new World Bank Group study that urges policymakers to act promptly to strengthen their economic policies and make them less vulnerable to financial shocks.

The analysis is contained in Global Waves of Debt, a comprehensive study of the four major episodes of debt accumulation that have occurred in more than 100 countries since 1970. It found that the debt-to-GDP ratio of developing countries has climbed 54 percentage points to 168 percent since the debt buildup began in 2010. On average, that ratio has risen by about seven percentage points a year—nearly three times as fast it did during the Latin America debt crisis of the 1970s. The increase, moreover, has been exceptionally broad-based—involving government as well as private debt, and observable in virtually all regions across the world

Pollution in the city lowers education level by one year

The maths and verbal skills are at risk

Chronic exposure to air pollution can cause harm to cognitive performance, a new study reveals. Researchers believe that the negative impact increases with age, and affects men with less education the worst. Over four years, the maths and verbal skills of some 20,000 people in China were monitored by the US-Chinese study.  Scientists believe the results have global relevance, with more than 80% of the world’s urban population breathing unsafe levels of air pollution.
The study was based on measurements of sulphur dioxide, nitrogen dioxide and particulates smaller than 10 micrometres in diameter where participants lived. It is not clear how much each of these three pollutants is to blame. Carbon monoxide, ozone and larger particulates were not included in the study. Described as an invisible killer, air pollution causes an estimated seven million premature deaths a year worldwide, according to the World Health Organization.

Nigeria and India, champions of the extreme poverty in the world

Nigeria overtakes India

Nigeria has overtaken India as the country with the largest number of people living in extreme poverty, with an estimated 87 million Nigerians, or around half of the country’s population, thought to be living on less than $1.90 a day. The findings, based on a projection by the World Poverty Clock and compiled by Brookings Institute, show that more than 643 million people across the world live in extreme poverty, with Africans accounting for about two-thirds of the total number.

In Nigeria, as with other countries on the continent, that figure is projected to rise. “By the end of 2018 in Africa as a whole, there will probably be about 3.2 million more people living in extreme poverty than there are today,” the researchers write.
Despite being the largest oil producer in Africa, Nigeria has struggled to translate its resource wealth into rising living standards.

Terrifying prediction for jobs in developing countries

Automation a threat to 77% jobs in China

Research has predicted that the proportion of jobs threatened byautomation in India is 69%, while it is 77% in China and 85% in Ethiopia, World Bank President Jim Yong Kim has said, citing data from the multilateral agency.…  Tue.,  02 May 2017

Warren Buffett’s Best Investment

Bill and Melinda Gates: ‘122 million children’s lives saved since 1990

Philanthropy isn’t like business. We don’t have sales and profits to show you. There’s no share price to report. But there are numbers we watch closely to guide our work and measure our progress. Our goals are shared by many other organizations working to save and improve lives. We’re all in this together. So most of the numbers we look at don’t focus just on how we as a foundation are doing, but on how the world is doing—and how we see our role.…  Mon.,  27 February 2017

Which Countries Are Damaged Most by Low Oil Prices?

A chart looks at costs per barrel

Oil is by far the world’s most-traded commodity, with $786.3 billion of crude changing hands in international trade in 2015. While low commodity prices can hurt any major producer, oil prices can have a particularly detrimental effect on oil-rich economies. This is because, for better or worse, many of these economies hold onto oil as an anchor for achieving growth, filling government coffers, and even fueling social programs. If those revenues don’t materialize as planned, these countries turn increasingly fragile. In the worst case scenario, an extended period of low oil prices can cause the fate of an entire regime to hang by a thread.  Wed., 31 August 2016

The New Silk Road

Silk road consensus emerges linking Middle East and China

In late May academics from Arab nations and China convened in the Qatari capital Doha for “ The Arab World and China,” a conference on the evolving state of Arab-Sino relations. With increased investments, China may find that its business interests are inextricable from the political brokering that will be necessary to create stability where there is now chaos. … Tue., 07 June 2016.

Oil: piracy drops

Gulf of Guinea Sees Piracy Drop as Oil Price Deters Looters

Piracy in West Africa’s Gulf of Guinea has declined as the price of oil plunged to the lowest level since 2002. While attacks on maritime vessels have dropped in the past year, nations bordering the gulf should work to continue improving security coordination, Gulf of Guinea Commission Executive Secretary Florentina Adenike Ukonga said in an interview in Yaounde, Cameroon, on Monday.

http:/   Mon., 22  February 2016. 

Global food prices hit lowest level in over 6 years

http:/    Fri. 05  February. 

Stock Markets

From China to Brazil, the central banks have lost control and at the same time the global economy is grinding to a halt. It is only a matter of time before stock markets collapse under the weight of their lofty expectations and record valuations. — Mon, 17 Aug 2015 18:33:04 -0700

Africa's economy

The latest economic forecast for Africa is a downward revision from projections made in 2014 which suggested the region’s economy would expand by 5.7 percent this year. Johannesburg (AFP) – Africa’s overall economy should advance in … — Tue, 26 May 2015 21:09:18 -0700

Water and Wall Street

The global water economy is faced with a multi-billion dollar need for capital expenditure and modernization. Dresdner Bank sees this as offering attractive opportunities for returns for … Barclays PLC: Water Index Funds and Exchange-Traded Funds. Barclays PLC is a U.K.-based major global financial services provider operating in all over the world with roots in London since 1690; it operates through its subsidiary Barclays Bank PLC and its investment bank called Barclays Capital. — Sun, 22 Mar 2015 08:15:05 -0700

Digital currency

Masiyiwa claims that it will no small task; however, he essentially wants to replace the current printed currency with a digital alternative. If successful, Zimbabwe will indeed become the first paperless economy in Africa. While this may seem like … — Sun, 08 Mar 2015 23:32:54 -0700