Perspective: Global

The COVID-19 pandemic-induced lockdowns and related global recession of 2020 have created a highly uncertain outlook for the labour market and accelerated the arrival of the future of work. The Future of Jobs Report 2020 aims to shed light on: 1) the pandemic-related disruptions thus far in 2020, contextualized within a longer history of economic cycles, and 2) the expected outlook for technology adoption jobs and skills in the next five years.

The Global Competitiveness Report series has since its first edition aimed to prompt policy-makers beyond short term growth and to aim for long-run prosperity. The 2020 special edition is dedicated to elaborating on the priorities for recovery and revival, and considering the building blocks of a transformation towards new economic systems that combine “productivity”, “people” and “planet” targets.

Visualizing the Top 50 Most Valuable Global Brands

For many brands, it has been a devastating year to say the least.

Over half of the most valuable global brands have experienced a decline in brand value, a measure that takes financial projections, brand roles in purchase decisions, and strengths against competitors into consideration. But where some have faltered, others have asserted their dominance and stepped up for their customers like never before.

The months after the release of the June 2020 World Economic Outlook (WEO) Update have offered a glimpse of how difficult rekindling economic activity will be while the pandemic surges. During May and June, as many economies tentatively reopened from the Great Lockdown, the global economy started to climb from the depths to which it had plunged in April. But with the pandemic spreading and accelerating in places, many countries slowed reopening, and some are reinstating partial lockdowns.

Following its weakest performance since the global financial crisis, the world economy is poised for a modest rebound this year– if everything goes just right.

Hanging over this lethargic recovery are two other trends that raise questions about the course of economic growth: the unprecedented runup in debt worldwide, and the prolonged deceleration of productivity growth, which needs to pick up to bolster standards of living and poverty eradication.

Energy transition and the global economy

Near-term global financial stability risks have been contained as an unprecedented policy response to the coronavirus (COVID-19) pandemic has helped avert a financial meltdown and maintain the flow of credit to the economy. For the first time, many emerging market central banks have launched asset purchase programs to support the smooth functioning of financial markets and the overall economy. But the outlook remains highly uncertain, and vulnerabilities are rising, representing potential headwinds to recovery.

Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast. In 2021 global growth is projected at 5.4 percent. Overall, this would leave 2021 GDP some 6½ percentage points lower than in the pre-COVID-19 projections of January 2020.

This report provides an overview of global and regional trends in employment, unemployment, labour force participation and productivity. Key findings are that unemployment is projected to rise after a long period of stability, and that many people are working fewer paid hours than they would like or lack adequate access to paid work. The report also takes a close look at decent work deficits and persistent labour market inequalities, noting that income inequality is higher than previously thought.

The potential of Fourth Industrial Revolution technologies to tackle major global challenges – such as poverty, climate change, nature loss and inequality – is immense, yet this potential is far from being reached. To this end, the Forum’s Centre for Global Public Goods is scaling up efforts to proactively engage stakeholders to channel Fourth Industrial Revolution innovations towards positive social, economic and environmental outcomes through a series of initiatives.

The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario--which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound—the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support.

Experts highlight advances with the potential to revolutionize industry, healthcare and society if some of the many thousands of human volunteers needed to test coronavirus vaccines could have been replaced by digital replicas – one of this year’s Top 10 Emerging Technologies – COVID-19 vaccines might have been developed even faster, saving untold lives. Soon virtual clinical trials could be a reality for testing new vaccines and therapies.

This entry gives an estimate from the US Bureau of the Census based on statistics from population censuses, vital statistics registration systems, or sample surveys pertaining to the recent past and on assumptions about future trends. The total population presents one overall measure of the potential impact of the country on the world and within its region. Note: Starting with the 1993 Factbook, demographic estimates for some countries (mostly African) have explicitly taken into account the effects of the growing impact of the HIV/AIDS epidemic.

Published since 1962, PRB’s annual World Population Data Sheet tracks global population data. This year’s edition provides 24 population indicators for more than 200 countries and territories. Users can also explore key trends through an interactive map.

COVID-19 has disrupted all forms of human mobility through the closing of national borders and halting of travel worldwide. Preliminary estimates suggest that the pandemic may have slowed the growth in the stock of international migrants by around two million by mid-2020, 27 percent less than the growth expected since mid-2019, according to a report by the United Nations.

Growth in the number of international migrants has been robust over the last two decades, reaching 281 million people living outside their country of origin in 2020, up from 173 million in 2000 and 221 million in 2010.

The European Union and the United States have both been deeply affected by the coronavirus outbreak. The two contribute equally to the world economy, each accounting for about 16% of global output. A key difference is that the EU is home to about 100 million more people than the U.S. But Americans have lost significantly more jobs than their EU counterparts during the COVID-19 downturn.

The statistic shows the global population as of mid-2020, sorted by age. In mid-2020, approximately 23.7 percent of the global population were aged between 10 and 24 years.

While a global pandemic has been a looming risk for decades, COVID-19 has come as a shock to society, health systems, economies and governments worldwide. In the midst of extraordinary challenges and uncertainty, and countless personal tragedies, leaders are under pressure to make decisions on managing the immediate impact of the pandemic and its consequences, decisions that will shape the state of the world for years to come. What might be the silver linings in the crisis and how might leaders use this moment to build a more prosperous, equitable and sustainable world?

The world continues to experience an unprecedented and sustained change in the age structure of the global population, driven by increasing levels of life expectancy and decreasing levels of fertility. People are living longer lives, and both the share and the number of older persons in the total population are growing rapidly. Globally, there were 727 million persons aged 65 years or over in 2020. Since women live longer than men, on average, they comprise the majority of older persons, especially at advanced ages.

Our World in Data's vaccination dataset uses the most recent official numbers from governments and health ministries worldwide. The population estimates used to calculate per-capita metrics are all based on the last revision of the United Nations World Population Prospects.

The COVID-19 crisis and the political, economic and social disruptions it has caused have exposed the inadequacies of our current economic systems. Amid global concern for lives, livelihoods and the planet, leaders find themselves at a historic crossroads for shaping the recovery, and have a window of opportunity to reset economies on a new trajectory of more inclusive and sustainable growth.

In 2020, the COVID-19 pandemic affected drastically all forms of human mobility, including international migration. Around the globe, the closing of national borders and severe disruptions to international travel obliged hundreds of thousands of people to cancel or delay plans of moving abroad. Hundreds of thousands of migrants were stranded, unable to return to their countries, while others were forced to return to their home countries earlier than planned, when job opportunities dried up and schools closed.

With the widespread rollout of COVID-19 vaccines globally, some countries have started to consider mandatory vaccination, although no country has yet to make vaccines mandatory for its population. While COVID-19 has resurfaced the debate on vaccination policies, it has been an important topic for many other diseases. The World Health Organization (WHO) estimates that vaccines save two to three million lives each year (excluding COVID). The development of vaccines against vaccine-preventable childhood diseases has been a key driver in the decline of child mortality.

There are an estimated 272 million international migrants – 3.5% of the world’s population.
While most people leave their home countries for work, millions have been driven away due to conflict, violence
and climate change.
Most migrants come from India; the United States is the primary destination.

There are an estimated 272 million international migrants around the world. And while that equals just 3.5% of the world’s population, it already surpasses some projections for 2050.

Check out previous Environmental Scans

The National Institute of Corrections publishes this compilation of resources each year as an overview of what research indicates to be the trends in the corrections industry each year.
Accession Number: (2018) 033176, (2019) 033431, (2020) 033563, (2021) 033670, (2022) 033086, (2023) 033087

Corrections Environmental Scan

Perspective: Global

The Future of Jobs Report 2020

Global Competitiveness Report: How Countries are Performing on the Road to Recovery

The Top 50 Most Valuable Global Brands

World Economic Outlook: A Long and Difficult Ascent

Global Economic Prospects: Slow Growth, Policy Challenges

World Economic Situation and Prospects 2020

Global Financial Stability Report: Bridge to Recovery

A Crisis Like No Other, An Uncertain Recovery

World Employment and Social Outlook: Trends 2020

Unlocking Technology for the Global Goals

World Economic Outlook: The Great Lockdown

Top 10 Emerging Technologies 2020

The World Factbook

World Population Data Sheet 2020

<p>Growth of International Migration Slowed By 27%, or 2 Million Migrants, Due to COVID-19

Fewer Jobs Have Been Lost In the EU Than In the U.S. During the COVID-19 Downturn

Global population as of mid-2020, by age

Challenges and Opportunities in the Post-COVID-19 World

World Population Ageing 2020 Highlights: Living arrangements of older persons

Coronavirus (COVID-19) Vaccinations

Emerging Pathways towards a Post-COVID-19 Reset and Recovery

International Migration 2020 Highlights

Which Countries Have Mandatory Childhood Vaccination Policies?

Global Migration, By the Numbers: Who Migrates, Where They Go and Why

Other NIC Microsites

National Institute of Corrections