South Africa’s economic growth slowed to 0.6 percent in 2023, undermined by constraints on products and input markets and a broad-based decline in public service delivery (electricity supply, transport...
Type: BriefReport#: 189010Date: April 3, 2024Author:
World Bank
In 2023, GDP growth reached 2.9 percent thanks to a bumper harvest, receding inflation pressures, and a robust labor market. This, along with Bolsa Família expansion, helped reduce poverty. In 2024, economic...
Type: BriefReport#: 188896Date: April 3, 2024Author:
World Bank
After expanding an estimated 2.4 percent in 2023, the economy is expected to slow further as macroeconomic imbalances increasingly weigh on growth and prevent poverty reduction. Limited access to external...
Type: BriefReport#: 188895Date: April 3, 2024Author:
World Bank
Indonesia’s growth remains resilient, supported by domestic demand and the services sector. Prudent macroeconomic policies have enabled the country to build buffers, navigate multiple global shocks, and...
Type: BriefReport#: 188846Date: April 3, 2024Author:
World Bank
Economic growth is expected to reach 3.5 percent in 2024, supported by tourismand the rebuilding of infrastructuredamaged by extremeweatherandthe blast atanexplosives depot in 2023. Despite these shocks,...
Type: BriefReport#: 189007Date: April 3, 2024Author:
World Bank
GDP growth is projected to slow to 3.3 percent in 2024 after a solid post-pandemic recovery in 2022-23. While a slowdown was expected, the growth is further affected by persistent macroeconomic instability...
Type: BriefReport#: 189017Date: April 3, 2024Author:
World Bank
In 2023, Kuwait’s economy significantly decelerated following strong performance in 2022, with expectations of stabilization in the medium term. This downturn is largely attributed to OPEC+ oil production...
Type: BriefReport#: 188940Date: April 3, 2024Author:
World Bank
Jordan has demonstrated resilience amidst consecutive external shocks, preserving macroeconomic stability albeit with growing vulnerabilities associated with climate change and regional conflicts. However,...
Type: BriefReport#: 188939Date: April 3, 2024Author:
World Bank
Panama is estimated to have grown 6.5 percent in 2023 fueled by strong construction, commerce, transport, tourism, the Colon Free Trade Zone, and financial activities during the first three quarters. Improving...
Type: BriefReport#: 188912Date: April 3, 2024Author:
World Bank
On the back of a strong recovery in 2023,the economy has now reached its capacitylimits and is navigating the challengesstemming from economic sanctions targetingkey currency-earning sectors, impedingexports...
Type: BriefReport#: 188872Date: April 3, 2024Author:
World Bank
Notwithstanding its large hydrocarbon resources and associated liquefied natural gas (LNG) revenues, Qatar is pursuing a long-term strategy focused on economic diversification. Growth in tourism, new infrastructure...
Type: BriefReport#: 188946Date: April 3, 2024Author:
World Bank
Economic growth has accelerated thanks to a partial recovery of agricultural output, solid manufacturing and services exports, and supportive macroeconomic policies. But the country faces adverse labor...
Type: BriefReport#: 188943Date: April 3, 2024Author:
World Bank
Output surpassed pre-pandemic levels in 2023, supported by tourist arrivals above 2019 levels. Fiscal policy has shifted towards revenue-based consolidation to reduce high debt accumulated during the pandemic....
Type: BriefReport#: 188846Date: April 3, 2024Author:
World Bank
The political crisis and increasing gang violence continue to impact economic activity, with Haiti experiencing another year of negative growth in FY23. Haiti has one of the highest levels of food insecurity...
Type: BriefReport#: 188907Date: April 3, 2024Author:
World Bank
Namibia’s economy grew by 4.2 percent in 2023. GDP growth is expected to remain above 3 percent over the medium term, subject to high uncertainty around the possible implementation of large-scale energy...
Type: BriefReport#: 189001Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have remained unchanged at 3.8 percent in 2023 due to sluggish export performance linked to the global economic slowdown and unfavorable export price management. It is projected...
Type: BriefReport#: 188995Date: April 3, 2024Author:
World Bank
GDP growth stabilized at 3.5 percent (0.6 percent per capita) in 2023, below expectations, due to lower agricultural output and an electricity crisis, resulting in limited poverty reduction with an extreme...
Type: BriefReport#: 188997Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have reached 0.9 percent in 2023, compared to 0.5 percent in 2022.CAR's structural vulnerabilities, compounded by external shocks, continue to strain public finances and...
Type: BriefReport#: 188975Date: April 3, 2024Author:
World Bank
Real GDP growth slowed in 2023 to 3.4 percent from 6.4 percent in 2022. Monetary policy tightening and lower international food and energy prices eased inflation and improved the current account balance....
Type: BriefReport#: 188998Date: April 3, 2024Author:
World Bank
Equatorial Guinea’s economy contracted by an estimated 5.8 percent in 2023, mainly due to declining oil reserves. The fiscal and external balances deteriorated amid declining oil export earnings. The economy...
Type: BriefReport#: 188982Date: April 3, 2024Author:
World Bank
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