Angola's economy started to recover from 2023’s shocks - extended maintenance shutdowns at major oil fields, exchange rate depreciation, and gasoline price hikes. Growth is projected at 3.2 percent in...
Type: BriefReport#: 194087Date: October 1, 2024Author:
World Bank
Growth rebounded to 2.7 percent in 2023, driven by robust agricultural output, but momentum weakened in 2024, with real growth projected at 2.2 percent, due to persistent fuel shortages, power supply disruptions,...
Type: BriefReport#: 194091Date: October 1, 2024Author:
World Bank
Cameroon's economic growth shows signs of recovery after its slowdown in 2023. However, the growth rate remains below the target set out in the Nation’s development strategy (NDS30), implying limited poverty...
Type: BriefReport#: 194093Date: October 1, 2024Author:
World Bank
Algeria’s growth remained dynamic, and inflation decelerated in early 2024, amid OPEC quota reductions but resilient agricultural output, higher public spending, and strong investment. Declining oil and...
Type: BriefReport#: 194035Date: October 1, 2024Author:
World Bank
Economic growth is slowing from the strong rebound of 2023 and is estimated at 5.0 percent in 2024. Poverty remains high as the link between growth and poverty reduction has weakened. Inflation is falling...
Type: BriefReport#: 194113Date: October 1, 2024Author:
World Bank
GDP growth is projected to gather pace, supported by foreign direct investment inflows, a rebound in exports, and the dissipation of drought effects. Lower inflation and monetary easing should also support...
Type: BriefReport#: 194123Date: October 1, 2024Author:
World Bank
The economy is expected to grow by 3.7 percent in 2024, driven by tourism, telecommunications, and construction. Commitment to fiscal consolidation is expected to result in a primary surplus by enhancing...
Type: BriefReport#: 194128Date: October 1, 2024Author:
World Bank
Nigeria has undertaken difficult but necessary reforms to turn around its development trajectory after policy missteps and multiple shocks which have deepened and broadened poverty. Positive results are...
Type: BriefReport#: 194125Date: October 1, 2024Author:
World Bank
The economy is expected to grow by 2.5 percent in 2024, driven by national election related spending and public infrastructure investments in the energy and transportation sectors. In the medium term,...
Type: BriefReport#: 193980Date: October 1, 2024Author:
World Bank
Viet Nam’s real GDP is expected to grow by 6.1 percent in 2024, driven by a rebound in manufacturing and services exports. Domestic demand is growing more gradually, reflecting an ongoing recovery in consumer...
Type: BriefReport#: 193984Date: October 1, 2024Author:
World Bank
Belize's economy bounced back from the impact of the COVID-19 pandemic, showing strong growth, reduced debt, a primary fiscal surplus, decelerating inflation, and low unemployment rate. However, it is...
Type: BriefReport#: 194008Date: October 1, 2024Author:
World Bank
China’s economy had a strong start to the year, but a deeper contraction of the property sector and weaker consumption weighed on growth in the second quarter. Growth is projected at 4.8 percent in 2024,...
Type: BriefReport#: 193969Date: October 1, 2024Author:
World Bank
Growth rebounded to 2.7 percent in 2023, driven by robust agricultural output, but momentum weakened in 2024, with real growth projected at 2.2 percent, due to persistent fuel shortages, power supply disruptions,...
Type: BriefReport#: 194091Date: October 1, 2024Author:
World Bank
The economy continues recovering from Cyclone Kenneth and COVID-19, driven by private consumption and investments in tourism and transport infrastructure. Growth is expected to gradually increase to 4.3...
Type: BriefReport#: 194096Date: October 1, 2024Author:
World Bank
After contracting by 5.7 percent in 2023, economic activity in Equatorial Guinea is projected to pick up in 2024 mainly supported by stronger hydrocarbon output. Fiscal and external positions are expected...
Type: BriefReport#: 194104Date: October 1, 2024Author:
World Bank
Growth is expected to normalize in 2024 and revert to its long-term average of 3.3 percent over the medium term, anchored on continued tourist arrivals. Fiscal consolidation is expected to continue over...
Type: BriefReport#: 193970Date: October 1, 2024Author:
World Bank
The economic situation continues to deteriorate as macroeconomic imbalances weigh on growth and poverty reduction. Limited access to external financing, increased economic uncertainty, and low levels of...
Type: BriefReport#: 194009Date: October 1, 2024Author:
World Bank
The growth momentum was sustained in the first half of 2024 despite moderating household consumption. Domestic demand was buoyed by higher public consumption and investment. Medium-term growth is expected...
Type: BriefReport#: 193979Date: October 1, 2024Author:
World Bank
As of 2018, data indicates that about 16.5 million Angolans, or 52.9 percent of the population, lived on less than 3.65 dollars per person per day (2017 PPP), the international poverty line for lower-middle...
Type: BriefReport#: 196045Date: October 1, 2024Author:
World Bank
Over the past decade, Bulgaria has seen a significant decline in poverty and robust income growth among the bottom 40 percent of the population, driven by strong economic growth. Between 2015 and 2020,...
Type: BriefReport#: 196058Date: October 1, 2024Author:
World Bank
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