Hey fam! 🌍 This week, South Africa makes history by hosting the G20 Leaders’ Summit—its first-ever on African soil. From Nov 22-23, Johannesburg will bring together the world’s major economies to tackle a global polycrisis: from sluggish growth to climate shocks.
Under the Ubuntu spirit—"I am because you are"—the South African presidency is all about "Solidarity, Equality & Sustainability." Think of Ubuntu like a giant group project: everyone’s success lifts the whole squad. For us in Asia, it’s a reminder that when supply chains link across Asia, Africa, and beyond, collaboration is the secret sauce. 🍛🤝
Here’s the lowdown: global growth is set to be the slowest in 17 years (excluding recessions) with average GDP growth at just 2.5% by 2027. Major G20 economies face similar headwinds. That matters because steady growth is key for tech startups in Bangalore, SMEs in Jakarta, and green energy projects in Nairobi.
For many in the Global South, from Pakistan’s gig workers to Vietnam’s young entrepreneurs, strong growth is the fastest path out of poverty. Since 1990, extreme poverty dropped from 2.3 billion to 831 million by 2025, thanks to rapid development in East and South Asia. But the pace has slowed—blame COVID-19, conflicts, climate shocks, and debt pressures.
The message from Johannesburg? It’s time for a team huddle. South Africa is calling for coordinated policies—from debt relief for vulnerable economies to green investments that power the next-gen renewable boom. Imagine using solar mini-grids in rural India or AI-driven climate models in the Philippines—that’s the kind of shared growth vision on the menu. 🌞💡
Whether you’re coding the next fintech app or campaigning for climate justice, the outcomes of this G20 could shape your world. Stay tuned, #G20Summit2025 is more than another summit—it’s a chance to remix our global playlist for good. 🔄🎶
Reference(s):
cgtn.com
