The World Bank forecasts that global economic growth will strengthen to 2.7 percent in 2017 as a pickup in manufacturing and trade, rising market confidence, and stabilizing commodity prices allow growth to resume in commodity-exporting emerging market and developing economies. Growth in advanced economies is expected to accelerate to 1.9 percent in 2017, and growth in emerging market and developing economies as will rise to 4.1 percent this year from 3.5 percent in 2016. Read more and download Global Economic Prospects.
The World Region
The first World Data Forum was held in Cape Town, South Africa earlier this year. The gathering brought together statisticians, data scientists, business people, public officials and NGOs to learn from each other about how data are being used to measure and drive progress globally.
In this episode, marking the end of the first season of Between 2 Geeks, I share some highlights from the event.
The World Bank hosted a session on “The Future of Data” where the recurring theme was “data integration” - combining multiple sources of data, from multiple types of organization, with multiple types of technology and approach to offer insights that are greater than the sum of their parts. You can watch a video of the whole session here and in the podcast, hear from Mark Ryland of Amazon Web Services, Molly Jackman of Facebook and Andy Tatem of the World Pop Project and University of Southampton.
I also spoke with Anna Rosling Rönnlund of Gapminder who told me about her organization’s journey to make data more understandable and to help promote a fact-based world view. One of the projects they were demonstrating is Dollar Street - a site that lets you explore photographs of the everyday life and possessions of the poorest to the richest people around the world. What’s striking is how similar life looks for someone living on say $100/month in almost any country you care to look at.
This episode of Between 2 Geeks is hosted by Tariq Khokhar and produced by Richard Miron. You can chat with us on twitter with the hashtag #Between2Geeks, listen to new episodes on the World Bank Soundcloud Channel and subscribe to “World Bank’s Podcasts” in your podcast app or on iTunes.
The number of stunted children has declined steadily since 1990, and many countries are on course to meet the global target of reducing stunting by 40% by 2025. But the absolute number of stunted children increased in Sub-Saharan Africa from nearly 45 million in 1990 to 57 million in 2015, and the region will not meet the target if the current trend is not reversed. Read more in the 2017 Atlas of Sustainable Development Goals.
Globally, there are over 98 mobile subscriptions per 100 people, so the chances are, you have a cell phone. Now look at your recent calls, both sent and received: Who do you call most often? Who calls you the most? Do you send, or receive more calls? All this is cell phone metadata: not the content of the calls, but ancillary information, the “who, where and when”.
It’s information that can reveal a lot about you. Your cellphone carrier already uses it to bill you, and may also be using it to target marketing or special offers at you. And with appropriate privacy protections, it can offer researchers a similar opportunity. In this week’s episode of Between 2 Geeks we ask how cellphone metadata (“call detail records”) can help researchers understand entire societies.
This blog is part of a series using data from World Development Indicators to explore progress towards the Sustainable Development Goals and their associated targets. The new Atlas of Sustainable Development Goals 2017, published in April 2017, and the SDG Dashboard provide in-depth analyses of all 17 goals.
Investing today is important for economic growth tomorrow: working hard today to build more and better schools, clinics, roads, bridges, parks, factories, offices, houses and other infrastructure will improve both economic output and living standards in the future. Investing sustainably is especially crucial for Least Developed Countries (LDCs) if they are to achieve the 7 percent growth target (8.1) set by the 2030 Agenda of the Sustainable Development Goals (SDGs).
Yet investing for the future means saving more and consuming less today. For every worker building roads and factories that will be used tomorrow, there is one fewer worker producing goods and goodies to be consumed today. For every dollar a family saves, that is one fewer bottle of coke or bag of rice to be consumed today.
Building up assets…
Between 2001 and 2015, LDCs invested an average of 22 percent of their Gross National Income (GNI), while the global average was 23 percent and the OECD average 21 percent. This translates to between a fifth and a quarter of today’s production being invested for the future, rather than being consumed now.
Much LDC investment is self-financed. Over the same period, domestic savings in LDCs averaged over 16 percent of GNI. This is lower than the global savings rate (of 25 percent of GNI) but this is to be expected as capital and investment flows in from wealthier countries. It gives LDCs the chance to increase their capital stock while keeping a reasonable degree of consumption.
But where does data come from? And what’s really going on behind the scenes to arrive at these all-important numbers? A new PBS documentary called The Crowd and the Cloud brings data to life by showing us the real lives behind the data points and the hard work that it takes to turn a human story into a statistic.
Hosted by former NASA Chief Scientist Waleed Abdalati and written and produced by Geoff Haines-Stiles (Senior Producer of COSMOS with Carl Sagan), The Crowd and the Cloud is a four-part documentary that examines the rapidly growing field of citizen data science, showing how regular citizens are increasingly able to gather and share valuable data on the environment, public health, climate change, and economic development.
Episode 4: Citizens4Earth follows Talip Kilic from the World Bank’s Living Standards Measurement Study program as he travels to far-flung rural communities in central and southwestern Uganda, along with the survey teams for the Uganda National Panel Survey (UNPS). In the episode, James Muwonge (Director of Socioeconomic Surveys at the Uganda Bureau of Statistics) explains why household surveys like the UNPS are so important for investment decisions and policy-making, particularly in developing countries like Uganda.
half lacked sufficient data for measuring poverty between 2002 and 2011. In response, the World Bank has committed itself to reversing this dismal state of affairs: in October 2015, World Bank President Jim Yong Kim announced that the Bank would support the 78 poorest countries in conducting an LSMS-type household survey every 3 years.and the Bank’s twin goals of ending global extreme poverty by 2030 and boosting shared prosperity. However, we still face significant challenges around the world in terms of data availability - among the 155 countries for which the World Bank monitors poverty data,
Global emissions of carbon dioxide, a major greenhouse gas and driver of climate change, increased from 22.4 billion metric tons in 1990 to 35.8 billion in 2013, a rise of 60 percent. The increase in CO2 emissions and other greenhouse gases has contributed to a rise of about 0.8 degrees Celsius in mean global temperature above pre-industrial times.
In 2015, 663 million people were drinking from unimproved sources such as unprotected dug wells. The bulk of those without were in Sub-Saharan Africa and South Asia, where rural dwellers, especially the poorest, lagged behind others in access to both water and sanitation.
Violence against women exists across the globe but laws against gender-based violence do not. In many countries societal norms permit physical and verbal abuse, and in countries studied, when there are fewer legal provisions, women are more likely to tolerate this abuse.
Education is one of the strongest tools that we have to reduce poverty, improve health outcomes, increase gender equality, and promote peace and stability. For every year that people are educated, their earnings increase by 10%. However, there are still 121 million children who are not attending primary and secondary school around the world, and approximately 250 million children can’t read or write.
What can countries do to change this situation, and what can successful countries teach others about how to get things right in the classroom?