What?
Sustainable Development Goal 8 is about promoting inclusive and sustainable economic growth, employment and decent work for all.
Why it matters?
Economic growth contributes to sustainable development where it extends benefits to all people, actively reduces inequalities, improve living standards, and creates decent jobs for all.
The global economy is slowly recovering from COVID-19, although recovery remains fragile and uneven. Developed economies are experiencing a marked recovery, while least developed countries (LDCs) continue to struggle. Similarly, labour market recovery remains uneven. Vulnerable groups such as women, youth, persons with disabilities and informal workers were the slowest to recover.
In August, the Goal of the Month editorial looks at Goal 8 – Decent Work and Economic Growth. We explore challenges and opportunities facing the world economic outlook, green economy and employment.
Learn more information on the UN’s work on Goal 8 and most updated facts and figures.
In Focus
- Third brief of the Global Crisis Response Group (GCRG) on Food, Energy and Finance | 3 August
- Youth Green Skills Accelerator Challenge Call
- Africa Climate Week 2022 | 29 August – 2 September
- United Nations Transforming Education Summit | 19 September 2022
- Global Employment Trends for Youth 2022
- World Economic Outlook Report (IMF)
- The gender pay gap in the health and care sector: A global analysis in the time of COVID-19
- Monthly World Economic Situation and Prospects Briefing | 1 August
- Podcast: Developing northern Uganda – Connected farmers
- First Person: Surviving Bali’s COVID tourism crash
- Interview: Accessible finance is key to realizing Uganda’s potential
In Print
World Economic Outlook Report (IMF) |
According to the International Monetary Fund (IMF) report, the global economy growth is projected to slow for the year 2022 and risks negatively impacting the future economic outlook.
The report outlines some major risks including geopolitical, inflationary, and further COVID-19 outbreaks and lockdowns.
Read the IMF report on how much this will affect global growth and what policy makers can do.
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World Economic Situation and Prospects: August 2022 Briefing | 1 August
The August briefing on the World Economic Situation and Prospects focuses on “Prospects and challenges of introducing a central bank digital currency”.
Central banks across the globe are conducting extensive research and implementing pilot programmes with respect to central bank digital currencies (CBDCs). Extensive, well-informed public discussions with relevant stakeholders are necessary, including discussions on the environmental footprint of digital currency projects. |
The gender pay gap in the health and care sector: A global analysis in the time of COVID-19
The International Labour Organization and the World Health Organization launched the first ever global sectoral gender pay gap report focusing on the healthcare sector. The report highlights the significant disadvantage facing women: more women work in health and care but they earn 24 per cent less than men.
The report finds that much of the pay gap remains unexplained by factors such as experience and there is evidence of a motherhood gap. |
Upcoming key moments
International Day of the World’s Indigenous Peoples | 9 August
International Youth Day | 12 August
World Humanitarian Day 2022 | 19 August
International Day for People of African Descent | 31 August
The Working Group on Transforming the Extractive Industries for Sustainable Development | 1 September
2nd Illicit Trade Forum | 6-7 September
United Nations Transforming Education Summit | 19 September
4th World Bank IFS ODI Tax Conference: Global Tax Equity | 22 September