Page 66 - UAE Foreign Aid Report 2022

United Arab Emirates
66
Foreign Aid Report 2022

SDG
Decent Work and
8 Economic Growth

Sustainable Development Goal 8 is ‘Decent Work
and Economic Growth’. This goal aims to promote
sustained, inclusive and sustainable economic
growth, full and productive employment and
decent work for all by 2030. SDG 8 focuses
on improving labor conditions promoting
entrepreneurship and innovation, and ensuring
equal access to opportunities for all individuals.
It aims to eradicate forced labor, modern slavery,
and child labor. The goal also emphasizes the
need to achieve higher levels of productivity and
economic diversification.
By achieving SDG 8, the global community aspires
Dubai Foundation for Women and Children conducts
to build a world where everyone has access to
arts and crafts workshops.
decent work and fair employment opportunities, Source: Dubai Foundation for Women and Children
fostering inclusive economic growth and
prosperity for all.

Global Progress of SDG 8: Promote sustained, inclusive and sustainable economic
growth, full and productive employment and decent work for all
The COVID-19 pandemic precipitated the worst economic crisis in decades and reversed progress
towards decent work for all. Although the global economy began to rebound in 2021, bringing some
improvement in unemployment, recovery remains elusive and fragile. Recovery patterns also vary
significantly across regions, countries, sectors and labour market groups. Developed economies are
experiencing a more robust recovery, while least developed countries (LDCs) continue to struggle
with weak economic growth and labour market fallout due to workplace closures. Many small firms,
particularly those in low- and lower-middle-income countries, are especially disadvantaged, with
limited capacity to remain viable. Labour market groups most affected by the crisis - women, youth
and persons with disabilities - are the last to recover. By the end of 2021, global economic recovery
had been hampered by new waves of COVID-19 infections, rising inflationary pressures, major
supply-chain disruptions, policy uncertainties and persistent labour market challenges. The conflict
in Ukraine is expected to seriously set back global economic growth in 2022.
Source: The Sustainable Development Goals Report 2022