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Global Labour Market Conditions in 2024

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Questions and Answers

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

To stabilize at 5.7%

To decline to 3.9% (correct)

To rise due to monetary easing

To remain above 8.1%

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

Western Europe

South America

North America

Africa, South Asia, and Western Asia (correct)

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

Weak local currencies

Climate-related shocks

Limited pass-through from international prices

Rising service sector prices and tight labor markets (correct)

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

High food prices (C) Signup and view all the answers

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

Women and children (A) Signup and view all the answers

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

Raising interest rates (D) Signup and view all the answers

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

Increasing impacts of climate change (A) Signup and view all the answers

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

Fluctuations in oil prices (A) Signup and view all the answers

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

Uneven recovery with developing economies facing challenges (B) Signup and view all the answers

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

Western Asia and Africa (D) Signup and view all the answers