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World Habitat Day – 2024
October 2
2023 Theme:
Resilient urban economies. Cities as drivers of growth and recovery
This year’s World Habitat Day aims to convene various city stakeholders to discuss the ways in which cities can be primed for recovery following the global intersecting negative economic shocks of COVID-19 and conflicts by:
- Broaching the different dimensions of economic slowdown that cities are currently experiencing and identifying actions that cities can take to boost economic recovery.
- Sharing experiences among different cities on how they are positioning themselves to tackle inflationary pressures and other tight global financial conditions
2023 has been a particularly challenging year for Urban Economies. The global economy growth itself is declining to about 2.5% and, apart from the initial COVID-19 crisis in 2020 and the global financial crisis in 2009, this is the weakest growth experienced since 2001 [WEO by the IMF].
Given the size of the contribution of cities to the national economy, the future of many countries will be determined by the productivity of its urban areas. Cities are the engines creating the value that boosts economic recovery.