Political transitions are difficult, but economic transitions are even harder. Ten years after the uprisings that ousted long-established political regimes in the Middle East and North Africa, the social grievances and structural economic weaknesses that sparked the protests all over the region remain largely unaddressed. With its sluggish growth and high unemployment, Tunisia is no exception.
From smart cities to digital economy, from geo-localization to smart-mobility, from telecommunications to international security, the most prominent innovations of nowadays society are shaped and progressively rely on Space platforms and tools. Space is in fact one of the most promising markets globally: a magnet for private and public investments, estimated to reach a value of €500 billions in the next decade.
Space activities are expanding globally, with a record number of countries and commercial actors investing in space programmes. Never before has there been so much interest in the space economy, with satellites in orbit registered in over 80 countries. Ever more down-to-earth activities are derived from satellite signals and data, contributing to new economic activities often far removed from initial investments in space infrastructure.
National and European policymakers have put together an exceptional fiscal response to the coronavirus crisis. The Next Generation EU (NGEU) fund, together with a reinforced European budget (MFF) for 2021-2027, should be one of the main tools to shape and boost the bloc’s recovery. In particular, the establishment of the Recovery and Resilience Facility within the NGEU is a major step in this direction.
Figure 1: How the NGEU spreads its grants around
Despite the unresolved territorial dispute and emerging challenges between the two Asian powers, Sino-Indian economic ties have witnessed significant expansion over the three decades since Indian Prime Minister Rajiv Gandhi’s historic visit to China in 1988.
How do we transition from the dominant status quo, an extractive political economy, towards a regenerative, circular system?
The 2020 GDP growth in Africa will be overwhelmingly negative for most countries. Blame that on COVID-19.
What follows is speculation. There is some evidence of tourist patterns and flows since January 2020, but we do not know if these immediately revised patterns and flows will be repeated after the pandemic has been defeated.
African economies are being hit hard by the economic crisis triggered by the COVID-19 pandemic. According to the UNDP, almost a decade of human development progress is at stake. Although the numbers of reported infections, hospitalisations and deaths on the continent remain much lower than in other regions, the crisis is taking a heavy toll on Africa’s growth and development prospects. The 2020 recession – the first in 25 years – will trigger increases in poverty and food insecurity across the continent.
“The first recession in the region over the past 25 years”. The World Bank’s forecasts for sub-Saharan Africa’s growth in 2020 set out a troubling scenario in which the most fragile sectors of society will be especially affected.