Global Labour Market Conditions in 2024

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10 Questions

What is the expected trend for global inflation in 2024 according to the text?

To decline to 3.9%

Which region experienced an uptick in food prices in the second half of 2023?

Africa, South Asia, and Western Asia

What is the main factor influencing core inflation rates in developed economies according to the text?

Rising service sector prices and tight labor markets

What has been a significant driver of food insecurity in developing countries?

High food prices

Which group is particularly vulnerable to food insecurity according to the text?

Women and children

What have major developed country central banks been doing regarding interest rates in 2023?

Raising interest rates

What factor makes the economic prospects for SIDS vulnerable, according to the text?

Increasing impacts of climate change

Which economic event directly affects tourism flows and consumer prices in SIDS?

Fluctuations in oil prices

What was a global trend in the labour market recovery after the pandemic?

Uneven recovery with developing economies facing challenges

Which region struggled with high unemployment rates despite declining rates in Brazil, China, and Türkiye?

Western Asia and Africa

Learn about the projected deterioration of labour market conditions in developing countries in 2024 due to weaker prospects and the impact of monetary tightening. Understand how global inflation, particularly food price inflation, can worsen food insecurity and poverty despite the easing of inflation rates in 2023.

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