Belize’s economy is recovering from the COVID-19 pandemic with robust growth, lower debt, a primary surplus, and an improved current account. In 2023, GDP grew by 4.5 percent, inflation slowed, and unemployment...
Type: BriefReport#: 188894Date: April 3, 2024Author:
World Bank
Crisis in the electricity sector and uncertainty in external concessional financing pushed the economy into recession. GDP is estimated to have contracted by 0.5 percent. Poverty rate is estimated at 15.8...
Type: BriefReport#: 189005Date: April 3, 2024Author:
World Bank
Chad’s economy has proven resilient despite the war in neighboring Sudan. GDP growth in 2023 is estimated at 4.1 percent (1 percent per capita), supported by higher oil production and public investment....
Type: BriefReport#: 188976Date: April 3, 2024Author:
World Bank
Rwanda’s strong economic momentum continued in 2023, with 8.2 percent growth in 2023 - led by services, manufacturing, and construction. Inflationary pressures have eased due to improvements in domestic...
Type: BriefReport#: 189004Date: April 3, 2024Author:
World Bank
Despite continued external headwinds, Cambodia’s economic recovery and poverty reduction continue. This year’s economic growth is projected to marginally improve to 5.8 percent, driven mainly by a revival...
Type: BriefReport#: 188842Date: April 3, 2024Author:
World Bank
Amid global and regional turbulence and tight financial conditions, economic growth has moderated slightly to 6.4 percent in 2023, while inflation remains elevated at 4.4 percent, driving a small increase...
Type: BriefReport#: 188981Date: April 3, 2024Author:
World Bank
Economic growth remained robust, at 5.6 percent in 2023, anchored on strong domestic demand and the recovery of services. Growth is projected to rise to an average of 5.9 percent between 2024-2026, fueled...
Type: BriefReport#: 188853Date: April 3, 2024Author:
World Bank
Tanzania’s real GDP growth momentum remained strong at 5.2 percent in 2023, with low and stable inflation. While both fiscal and current account deficit narrowed, the foreign exchange challenge persists....
Type: BriefReport#: 189013Date: April 3, 2024Author:
World Bank
The economy continues to recover following the pandemic and Cyclone Seroja. Growth decelerated to an estimated 2.1 percent of GDP in 2023 due to election related fiscal drag. Inflation peaked at 9.0 percent...
Type: BriefReport#: 188857Date: 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
In 2023, economic growth slowed to 3.3 percent, driven by reduced global demand for diamonds. In FY24-26, economic activity is projected to stabilize at 3.5-4.0 percent, buoyed by an expansionary fiscal...
Type: BriefReport#: 188970Date: 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
Leveraging large-scale investments and financing, Egypt undertook monetary adjustments to address the foreign currency crisis sparked by macroeconomic imbalances and global shocks. Growth is forecast to...
Type: BriefReport#: 188936Date: April 3, 2024Author:
World Bank
After two years of double-digit growth,the economy expanded by 7.5 percent in2023, driven by strong investment.Poverty and unemployment continuedto decline. Growth is expected to deceleratein 2024, given...
Type: BriefReport#: 188876Date: April 3, 2024Author:
World Bank
Real growth decelerated for the thirdconsecutive year since the post-pandemicrebound amidst lingering inflationarypressures, stretched public finances, andhigher borrowing costs. Poverty reductioncontinued...
Type: BriefReport#: 188882Date: April 3, 2024Author:
World Bank
Ukraine’s economy has resumed modest growth, estimated at 4.8 percent in 2023.Concurrently, macroeconomic risks emanating from the on-going active hostilitiesand uncertainty about the timing and amount...
Type: BriefReport#: 188889Date: 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
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
Economic growth remained robust, at 5.6 percent in 2023, anchored on strong domestic demand and the recovery of services. Growth is projected to rise to an average of 5.9 percent between 2024-2026, fueled...
Type: BriefReport#: 188853Date: April 3, 2024Author:
World Bank
Thailand's economic recovery lagged further behind ASEAN peers as growth disappointed at 1.9 percent in 2023. Growth was hampered by a weak external sector and delayed budget approval. Inflation remained...
Type: BriefReport#: 188856Date: April 3, 2024Author:
World Bank
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