<p><span>1. Multiple compounding crises have severely darkened the global economic outlook and development prospects. Global growth is slowing, and poverty, hunger, water scarcity, cost of living pressures and food and energy insecurity have increased alarmingly, deepening the existing challenges in the global economy as well as exacerbating fragilities in Fragile and Conflict-Affected States (FCS). Persistently high inflation and spikes in food and energy prices, exacerbated by the conflict in Ukraine, have disproportionately harmed vulnerable households and the poor. Downside risks to prospective growth have risen leading to fears of a global recession.</span></p>
He is the first Filipino to win the award After his groundbreaking work during the pandemic, young designer Jessan Macatangay makes a new record by winning the L’Oreal Professionnel Womenswear Creative Award with his latest collection shown during the Central Saint Martins’ (CSM) MA Fashion Graduat