DUBLIN — A NASA-led research team has developed a “unique” satellite-based deforestation tracking system they hope could avert a “tipping point” for the world’s shrinking jungles. The plan is for the new “tropical vulnerability index” to enhance “early warning” about rainforests facing destruction. According to Sassan Saatchi of NASA’s Jet Propulsion Laboratory, “frequent droughts, higher temperature and longer dry seasons, along with increasing pressures from deforestation and degradation in the last two decades, have pushed the tropical rainforests to the verge of a tipping point.”
DUBLIN — Despite often living in some of the world’s most resource-rich lands, people in many developing countries face continued poverty due to reliance on commodity exports, according to the UN. In a report published on Wednesday, the United Nations Conference on Trade and Development (UNCTAD) said many of the world’s poorer nations depend too much on exporting natural resources and are seemingly “locked into this undesirable state.” A “commodity-dependent” economy gets 60 per cent of merchandise export revenues from sales of goods such as coffee, gas, metals and oil, according to UNCTAD – trade which is “strongly associated with low levels of technology” and “low levels of labour productivity, low productivity growth.” In 2019, two-thirds of developing countries were commodity-dependent, compared to 13 per cent of wealthy or developed economies.
DUBLIN — The global economy is facing losses of up to 4 trillion dollars due to the collapse of international travel, according to the United Nations Conference on Trade and Development (UNCTAD). The coronavirus pandemic and ensuing containment measures have caused a “crisis with devastating effects on developing countries, especially those dependent on tourism,” UNCTAD said on Wednesday.” The worst affected region is likely to be Central America, where gross domestic product (GDP) could shrink by almost 12 per cent by the end of the year in a worst-case scenario.
DUBLIN — Even as the coronavirus pandemic has receded in some parts of the world, coffee drinkers might not be able to sip in peace anytime soon: According to a recent analysis, coronavirus restrictions have likely spurred a crisis across the global coffee industry. In a study published by the National Academy of Sciences in the US, researchers led by academics from Rutgers University said “socio-economic disruptions” since the start of the pandemic “are likely to drive the coffee industry into another severe production crisis.” Lead author Kevon Rhiney warned of “serious implications for millions of people across the globe” if there is turmoil in the sector.
DUBLIN — Foreign direct investment should revive in 2021, the United Nations Conference on Trade and Development (UNCTAD) said on Monday, after a 35 per cent global drop last year when lockdowns “slowed down existing investment projects.” According to UNCTAD’s World Investment Report 2021, global investment should “recover some lost ground” by growing 10-15 per cent, as multinational enterprises resume work paused due to “prospects of a recession” last year. The global economy shrank by over three per cent in 2020 but is expected to rebound this year with 5-6 per cent growth, according to recent World Bank and OECD estimates. Though overseas investment is expected to bounce back in tandem with GDP expansion, it will remain 25 per cent below 2019 levels after a tough 2020, according to Unctad’s James Zhang.
DUBLIN — Wealthy city-state Singapore is no longer the world’s most competitive economy, according to the Institute for Management Development (IMD), which on Thursday put Switzerland top of its 2021 World Competitiveness Ranking. Singapore topped the list for the previous two years and was the sole Asian representative in the top five, which was rounded out by Sweden, Denmark and the Netherlands. Though most European countries were hit hard by the coronavirus pandemic, measured by lives lost and case numbers, the Lausanne-based IMD said the continent’s economies “weather[ed] the health crisis better than most other regions,” with Switzerland ranked highest after it “kept a disciplined financial strategy.” Singapore’s fall from first to fifth came despite being it being relatively lightly hit by the pandemic – and was down to “problems with job losses, lack of productivity and the economic impact of the pandemic,” the IMD said.
DUBLIN — Thousands of health-related mobile phone applications have “serious problems with privacy,” according to analysis by Macquarie University in Australia. Published by the British Medical Journal (BMJ), the Sydney-based team’s research into more than 20,000 apps found “collection of personal user information” to be “pervasive.” Of the almost 5 million apps available on platforms operated by Apple and Google, around 100,000 are health-related, including increasingly-popular fitness monitors. However “inadequate privacy disclosures” often hinder users “from making informed choices,” said the Macquarie researchers, who compared 15,000 health apps with a sample of 8,000 others. While the health apps gathered less user data the others examined, around two-thirds of them still “could collect advert identifiers or cookies” and a quarter could “identify the mobile phone tower to which a user’s device is connected.”
DUBLIN — Less well-off countries are facing bigger food bills, according to the United Nations, which on Thursday said the world’s food imports are set to increase by 12 per cent this year to 1.72 trillion dollars, equivalent to Russia’s gross domestic product. In its biannual report on global food markets, the UN’s Food and Agriculture Organization (FAO) estimated consumer prices for proteins and calories to have increased by between 20 and 34 per cent compared to a year ago, risking “deteriorating quantitative and qualitative dietary trends in vulnerable countries” where food can account for up to half of household spending. The FAO last week estimated an overall annual jump in food costs of around 40 per cent, due to “a surge in prices for oils, sugar and cereals.”
DUBLIN — The global economy should expand by 5.6 per cent this year but developing countries will struggle to keep up due to “the pandemic’s lasting effects,” the World Bank said on Tuesday. While such growth would be “the fastest post-recession pace in 80 years,” overall global output could remain 2 per cent less than if the pandemic had not happened and the ensuing restrictions on business were not imposed, the bank estimated. While pent up demand could result in wealthy, large economies such as the US and China growing by 6.8 per cent and 8.5 per cent respectively, smaller and poorer nations will have to wait until next year to recover per capita income losses, the bank warned, meaning global growth will be “uneven.” Per capita incomes in many emerging market economies are expected “to remain below pre-pandemic levels,” the bank cautioned, which would likely “worsen deprivations associated with health, education and living standards.”
DUBLIN — The coronavirus pandemic and related restrictions have jacked up food prices around the world and spurred a surge in unhealthy eating, according to a set of papers published on Monday by the American Society for Nutrition. According to author Caroline Um of the American Cancer Society, the researchers found a “decrease in the consumption of many food groups, particularly healthy foods such as vegetables and whole grains, compared to before the pandemic.” “We saw panic buying, problems in the food supply chain, increases in food prices and rising unemployment rates,” Um said. Researchers at Tufts University said food prices went up across 133 countries as pandemic-related curbs were introduced. “More stringent restrictions were linked with a higher price of food and a higher ratio of food prices to prices across all consumer goods,” they said.