After experiencing a severe drought in 2023, Uruguay’s growth is expected to rebound to 3.2 percent in 2024. Private consumption should increase due to real wage growth and stable inflation expectations....
Type: BriefReport#: 188918Date: April 3, 2024Author:
World Bank
Real GDP growth is expected to slow from 5.8 percent in FY23 to 5.6 percent in FY24, as inflation weighs on consumption and import restrictions and financial sector vulnerabilities constrain private investment....
Type: BriefReport#: 188960Date: April 3, 2024Author:
World Bank
Buoyant construction, manufacturing, and services drove strong growth in India in FY23/24 and will continue to anchor growth at high levels over the medium term despite the muted global outlook. In recent...
Type: BriefReport#: 188962Date: April 3, 2024Author:
World Bank
Guatemala possesses the macroeconomic stability required to foster inclusive growth yet struggles to implement reforms to quicken growth and alleviate poverty and inequality. GDP growth forecast ranges...
Type: BriefReport#: 188905Date: April 3, 2024Author:
World Bank
Since October 2023, the Palestinian economy has experienced one of the largest shocks recorded in recent economic history. In Gaza, the loss of life, the speed and extent of fixed assets damage, and the...
Type: BriefReport#: 188945Date: April 3, 2024Author:
World Bank
Subsequent OPEC+ decisions of cutting oil production is adversely affecting Saudi Arabia’s overall GDP, fiscal, and external balance positions. Meanwhile, the performance of non-oil private sector is robust...
Type: BriefReport#: 188947Date: April 3, 2024Author:
World Bank
The UAE maintains its status as a key regional hub for trade, finance, and tourism, bolstered by substantial progresses in economic diversification and a reduced dependence on hydrocarbon income. Economic...
Type: BriefReport#: 188950Date: April 3, 2024Author:
World Bank
Bulgaria’s economy slowed down in2023 in tune with trends in key tradingpartners. Inflation kept decelerating, butthe pace is slow and puts at risk thecountry’s eurozone accession bid for2025. Real wage...
Type: BriefReport#: 188874Date: April 3, 2024Author:
World Bank
Economic growth is expected to decreaseto 2.2 in 2024, and 1.1 percent in2025. Stronger momentum from 2023and continuation of loose fiscal policyunderpin the growth projections. Exportvolumes are expected...
Type: BriefReport#: 188885Date: April 3, 2024Author:
World Bank
The economy is gradually recovering, but growth remained modest at an estimated1.9 percent in2023, driven by non-oil activities. The ongoing fuel subsidies reform is helping to maintain fiscal surpluses...
Type: BriefReport#: 188980Date: April 3, 2024Author:
World Bank
Growth was strong in 2023, supported by a strong recovery in tourism, agricultural production, and publicly financed largescale infrastructure projects. The risk of debt distress remains high. Fiscal support...
Type: BriefReport#: 188916Date: April 3, 2024Author:
World Bank
Economic growth is expected to decreaseto 2.2 in 2024, and 1.1 percent in2025. Stronger momentum from 2023and continuation of loose fiscal policyunderpin the growth projections. Exportvolumes are expected...
Type: BriefReport#: 188885Date: April 3, 2024Author:
World Bank
Real GDP growth is expected to be 2.3 percent in 2024 and gradually converge to its potential by 2026. Poverty has declined significantly since 2020, but structural reforms are needed to boost productivity,...
Type: BriefReport#: 188910Date: April 3, 2024Author:
World Bank
The economy grew by 6 percent in 2023 amid broad based expansion and fiscal stimulus. The government is expected to consolidate fiscal spending in 2024 following an increase in the fiscal deficit in 2023....
Type: BriefReport#: 188890Date: April 3, 2024Author:
World Bank
Oman’s economy continues to perform well, supported by favorable oil prices and a commitment to the economic diversification program, in line with the country’s Vision 2040. Concerted efforts are underway...
Type: BriefReport#: 188944Date: April 3, 2024Author:
World Bank
Challenges in deploying a unified and effective State response to the devastating floodings in the eastern part of the country in September 2023 have highlighted Libya's fragilities. Competition over the...
Type: BriefReport#: 188942Date: April 3, 2024Author:
World Bank
Following moderate post-pandemic growth of 5.2 percent in 2023, growth is projected at 4.5 percent in 2024. Macroeconomic policies remain supportive of growth but the downturn in the property sector and...
Type: BriefReport#: 188844Date: April 3, 2024Author:
World Bank
In 2023, the economy expanded by 4.3 percent, largely driven by a strong recovery in tourism. Fiscal and current account deficits narrowed significantly; the unemployment rate declined but remains high...
Type: BriefReport#: 188892Date: April 3, 2024Author:
World Bank
Better harvests and a partial recovery in oil production following flooding-related disruptions are lifting overall growth. However, food insecurity and extreme poverty remain high because of climate and...
Type: BriefReport#: 189011Date: April 3, 2024Author:
World Bank
The economy continues its recovery as improved weather conditions boost agriculture production, private consumption, and exports. GDP is estimated to have grown at 3.1 percent in 2023, up from 2.4 percent...
Type: BriefReport#: 189009Date: April 3, 2024Author:
World Bank
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