Decent Work and Growth

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] The worldwide edge computing market will reach $250.6 billion in 2024 with a compound annual growth rate of 12.5% over the 2019-2024 forecast period.
[New] The global MDM market is expected to grow from USD 4,294 million in 2020 to USD 15,700 million by 2025, at a Compound Annual Growth Rate of 29.6% during the forecast period.
[New] On a global basis, service revenues from fixed voice services are expected to decline at a compound annual growth rate of -5.64% between 2018 and 2023, with service provider revenue dropping from $142 billion in 2018 to $106 billion in 2023.
[New] International Monetary Fund has sharply lowered its forecast for global growth in 2020, saying that the coronavirus pandemic is causing a much steeper recession and a slower recovery than initially expected.
[New] The physical industries will boost annual economic growth by 0.7 percentage points over the next 15 years, generating an additional $2.7 trillion in annual economic output, $8.6 trillion in wage and salary payments, and $3.9 trillion in federal tax revenue.
[New] The expansion in global activity is supported by population growth, with the world's population expected to ‎ increase by over 2 billion people to around 9.6 billion by 2050.
[New] For US Medicare, the average annual rate of excess cost growth implicit in CBO's baseline projections is 1.1 percent from 2028 through 2030-lower than last year's average rate of 1.2% from 2027 through 2029.
[New] CBO expects growth in real US GDP per person to average 1.1% over the next three decades, 0.4 percentage points less than the average growth of 1.5% over the past three decades and 0.2 percentage points less than CBO projected last year for 2019 to 2049.
[New] With fertility rates expected to remain below the replacement rate, immigration becomes an increasingly important part of overall population growth in the United States.
[New] In CBO's projections, the potential US labor force grows by 0.3% per year, on average, through 2050; over the past 50 years, its average annual rate of growth was 1.4%.
[New] Growth in China's energy demand slows sharply relative to past trends, reaching a peak in the early 2030s in all three scenarios.
[New] From a peak of 2% in the 1960s, average annual growth of the global population has slowed down to 1% at present and is expected to cease entirely by the end of the century.
[New] The increasing effect of climate change on the growth rate will reduce the average real GDP growth rate by another 0.02 percentage points, reducing the level of real GDP in 2050 by an additional 0.6%.
[New] Climate change will, on net, reduce average annual real GDP growth by 0.03 percentage points from 2020 to 2050, relative to growth that would occur under the climatic conditions that prevailed at the end of the 20th century.
[New] Growth of the global anticoagulants market has been forecasted for the period 2020-2024, taking into consideration previous growth outlines, growth drivers and the existing and forthcoming trends.
[New] Over the long term to 2029, expect copper market to remain in a deficit as consumption growth remains strong, driving prices higher over the coming years.
[New] The market for plant-based proteins in Indonesia has witnessed tremendous growth in demand over the last few years and will grow at a CAGR of 6% in the Asia-Pacific region by 2025.
[New] India has the world's second-largest road network, and with the current rate of growth, the total number of vehicles is projected to double by 2030.
[New] U.S. lodging demand is forecast to increase by a compound annual growth rate of 14.1% over the next four years, recovering to 2019 levels by Q3 2023.
[New] Demand for oil will be the biggest casualty over lower energy demand in the coming three decades as weaker economic growth and a faster shift to renewable energy accelerate the demise of oil-based transport fuels.
[New] In North America, high energy costs will drive a strong market growth for energy service and performance contracting, which Frost & Sullivan believes will more than double in size during the next ten years, and finish the decade worth $US19.14 billion.
[New] The global market for advanced driver assistance systems (ADAS) is expected to reach more than $67 billion by 2025, growing more than 10% each year, though automotive sensor growth has been slowed by COVID-19.
[New] Most of the gas demand lost in 2020 is expected to be recovered in 2021, supplemented by growth from the Asia-Pacific region between 2021 and 2025 as emerging markets in China and the rest of Asia recover economically and benefit from attractive gas prices.

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Last updated: 27 September 2020