The foremost
challenges of the world such as growth, unemployment, lack of pity, compassion,
brutality have been for a long time on the agenda of the world.
So, these
appalling situation forces those people who face with unsuitable living
condition to migrate and displace their own countries as well as leaving their
business activities and living devices.
Of course,
these unwanted events not only make up bad effects on those people, but also
have negative effects on the entire economic activities directly or indirectly
across the world.
Such kind of
challenges, conflicts and poor governance repress development in many regions.
In addition, climate change and natural disasters put social and economic
achievements at risk. Cushioning these challenges requires successful domestic
policy, international cooperation and effective international institutions.
These
challenges maintain their terrible effects on fragile communities not to access
to enough prosperity especially in the said countries.
Consequently,
focal point of the international organizations which responsible for economy,
growth, finance and security is to try to secure and achieve enough growth and
jobs; fiscal consolidation, structural reforms and monetary policy, also
overcoming institutional and governance challenges, urban settlements and
investing in infrastructure and in agricultural productivity to provide
breathing space.
However,
despite these harmful developments, the global financial system is regarded
more stable than it was six months ago, but a number of challenges remain,
according to IMF.
“While the
outlook for developing economies is promising and downside risks have
diminished in the short-run, global macroeconomic stability is not yet
restored, unemployment is still high and food prices continue to be unstable
and to bear down on the poorest,” the analysts say.
As for the
Eurozone, ailment economy is persisting its effect. According to the latest
indicators, France has entered its second recession
in four years after the economy shrank by 0.2% in the first quarter of the
year.
Unemployment
in the eurozone has surged to a fresh record high, while inflation has fallen
to a three-year low, so the European Central Bank (ECB) has cut its benchmark
interest rate to a new record low amid ongoing worries about the eurozone's
economic health. Maybe this new rate would be contributor in terms of
consumption and investment in the zone. As for the US, lower growth is predicted would have a
negative impact on the region, particularly in Mexico and Central America.
Across the
world, Asian countries’ economies feature brighter than other regions to
leverage the global economy.
China's
economy, the second-largest of the world, has slowed and performed worse than
many analysts expected in the first three months of the year.
Despite
slowing down in its economy due to setback in the global exports and trade,
Chinese economy is regarded the most robust economy in the world. In order to
cushion its current situation, Beijing has acknowledged that situation and
indicated that it wants to increase domestic demand to reduce its dependence on
exports and achieve more sustainable growth.
Within this
negative conjuncture; the long standing crisis, conflicts and strife across the
world remain as a barrier in accomplishing the MDGs of which deadline will end
up 2015…
The global
actors envisage that they need to act decisively to look after a sustainable
recovery and restore the resilience of the global economy. So as to overcome
the troubles across the world, it is foreseen an environmentally, socially and
economically sustainable manner are required.
As for the assessments of the
economics authorities for the global growth in 2013, the economic indicators
would be nearly the same in 2012.
The
wellbeing, peace for current and future generations depend on sustainable
achievement in terms of the above mentioned troubles.