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FAO SOFIA: Leading Nations in Fisheries Livelihoods Employment and Projects

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  FAO SOFIA 2024: Global Fisheries Employment and Workforce Livelihoods The 2024 edition of The State of World Fisheries and Aquaculture (SOFIA) highlights the critical role of aquatic systems in supporting global stability. As production reaches record highs, the focus has shifted toward the "Blue Transformation," a roadmap designed to ensure that the industry's growth translates into equitable livelihoods and resilient communities. According to the FAO SOFIA 2024 report, an estimated 61.8 million people were employed in the primary sector of fisheries and aquaculture in 2022. While this represents a slight decrease from 62.8 million in 2020, the sector remains a cornerstone of global livelihoods, particularly in Asia, which accounts for 85% of these jobs . Small-scale operations continue to dominate the workforce, providing essential nutrition and income for hundreds of millions of people worldwide. Global Workforce Distribution The workforce is split across various su...
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IMF Growth-at-Risk 2026: Best Practice in Leading Countries

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  The IMF's Growth-at-Risk (GaR): Predicting Economic Storms In an increasingly volatile global economy, traditional "baseline" forecasts often fail to capture the severity of potential downturns. To bridge this gap, the International Monetary Fund (IMF) introduced the Growth-at-Risk (GaR) framework in its Global Financial Stability Report (GFSR). This tool shifts the focus from what is likely to happen to what could happen in a worst-case scenario. What is the Growth-at-Risk (GaR) Indicator? The Growth-at-Risk (GaR) indicator is a macro-forecasting framework used by the IMF to quantify the downside risks to future GDP growth based on current financial conditions. Unlike standard forecasts that provide a single "most likely" growth number, GaR links financial stability to the lower tail of the probability distribution , typically measuring the 5th percentile of expected growth outcomes over a specific time horizon—usually one to three years. Why GaR Matters ...
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