In just two days, Johannesburg will make history as it welcomes the world's biggest economies to its first-ever G20 Leaders' Summit on African soil. From November 22 to 23, South Africa steps into the global spotlight, pushing an Ubuntu-powered agenda: I am because we are. 🌍✨
As the first African host, South Africa's presidency theme—Solidarity, Equality, Sustainability—aims to tackle the so-called polycrisis we're all feeling: sluggish growth, pandemic setbacks, climate shocks and rising debt. According to World Bank data, global growth is on track to be the slowest in 17 years outside recessions, averaging just 2.5% by 2027. 📉
IMF insights paint a similar picture for G20 nations: short-term stability but medium-term growth facing headwinds. For emerging markets and developing economies, this slowdown is more than numbers—it threatens progress on poverty reduction and living standards.
On the bright side, global extreme poverty dropped from 2.3 billion in 1990 to around 831 million in 2025, thanks to economic booms in East and South Asia. But the past decade has seen that momentum stall, slowed by COVID-19, conflicts and environmental crises. 😷⚡️🌪
With the Ubuntu spirit at its core, South Africa calls for a team effort—like an epic crossover event—where every leader's move counts. The challenge? Crafting coordinated policies that spark shared growth and lift communities worldwide.
Stay tuned as the G20's African debut kicks off this weekend—because the planet's next chapter might just be written in Johannesburg. 🚀
Reference(s):
cgtn.com
