This report shows that the global economy is finally recovering following a sequence of shocks. Inflation is falling and economic growth—while slower than before the pandemic—has stabilized. In response, Central Banks are lowering interest rates, easing borrowing for much needed investments. In response, Central Banks are lowering interest rates, easing borrowing for much needed investments. But the world still faces challenges that slow the rate of economic progress and the pursuit of better lives for all.

This report highlights the planetary boundaries framework, a critical scientific tool to understand the complex interdependencies between land, climate, biodiversity and water, among other Earth system components, offering policymakers a focused lens through which to view the potential risks and rewards of different land-use decisions.