In 2023, Djibouti's economy rebounded impressively with a GDP growth of +6.7 percent, but Djibouti’s growth model faces vulnerabilities, including heavy dependence on global maritime transport and exposure...
Type: BriefReport#: 188934Date: April 3, 2024Author:
World Bank
Economic growth was 6.2 percent andinflation was 10.8 percent in 2023. Thefiscal balance was positive (1.2 percentof GDP) owing to strong revenue performance.GDP growth is projected to declineto 4.5 percent...
Type: BriefReport#: 188879Date: April 3, 2024Author:
World Bank
Despite a protracted debt restructuring process and subdued copper production, Zambia’s economy has been recovering since the COVID-19 recession, primarily driven by firmer services. In Q3:2023, real GDP...
Type: BriefReport#: 189016Date: April 3, 2024Author:
World Bank
In Kiribati, a large increase in public sector wages will support growth but add to fiscal imbalances. In Tuvalu, the 2024 Falepili Union Treaty now allows Tuvaluans to emigrate to Australia, and this...
Type: BriefReport#: 188843Date: April 3, 2024Author:
World Bank
The economy is expected to grow by 2.8 percent in 2024, driven by national election preparations and public infrastructure investments in the energy and transportation sectors. In the medium term (2024-2026),...
Type: BriefReport#: 188854Date: April 3, 2024Author:
World Bank
Mining investment will boost growth to 7.1 percent in 2023, poverty will decline slightly, and the fiscal deficit widen to 1.6 percent as capital spending rises. Growth in 2024 will slow primarily due...
Type: BriefReport#: 188989Date: April 3, 2024Author:
World Bank
Real GDP is expected to contract further by 3.5 percent in 2024, after a 12 percent contraction in 2023, driven by widespread destruction of productive capacity due to the domestic conflict, and weak private...
Type: BriefReport#: 189012Date: April 3, 2024Author:
World Bank
Liberia’s economy expanded by an estimated 4.7 percent in 2023. Inflationary pressures increased due to rising food and transportation costs. Medium-term growth prospects are promising but require maintaining...
Type: BriefReport#: 188994Date: April 3, 2024Author:
World Bank
The 2023 Niger border closure, policy changes in Nigeria and climate shocks moderated growth to 5.8 percent. The international poverty measure fell to 11.7 percent. A revenue based fiscal consolidation...
Type: BriefReport#: 188969Date: April 3, 2024Author:
World Bank
Despite some recovery, Pakistan’s economy remains under stress with low foreign reserves and high inflation. Policy uncertainty remains elevated and economic activity is subdued, reflecting tight fiscal...
Type: BriefReport#: 188965Date: April 3, 2024Author:
World Bank
GDP growth is projected to increase from 1.9 percent in FY23 to 3.3 percent in FY24, driven by revived tourism and improved electricity generation. Decreased expenditure is anticipated to trim the fiscal...
Type: BriefReport#: 188964Date: 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
Growth surged from 6.4 percent in FY22 to 7.2 percent in FY23, supported by good harvests and steady service sector growth. However, growth remains lower than before COVID-19, and compounded shocks since...
Type: BriefReport#: 188985Date: April 3, 2024Author:
World Bank
Tunisia’s economic outlook remains highly uncertain. Tunisia’s already timid post- Covid economic recovery came almost to a halt in 2023 amid a severe drought and difficult financing conditions. Authorities...
Type: BriefReport#: 188949Date: April 3, 2024Author:
World Bank
GDP growth is estimated at 3.2 percent (0.5 percent per capita) in 2023, supported by services, while mining was hampered by insecurity. Average inflation subsided to 0.7 percent, facilitating a small...
Type: BriefReport#: 188971Date: April 3, 2024Author:
World Bank
Growth accelerated to 5.1 percent in 2023 supported by strong domestic and external demand. Adequate monetary policy and lower international prices helped dissipate inflationary pressures, allowing for...
Type: BriefReport#: 188899Date: April 3, 2024Author:
World Bank
GDP growth in Nicaragua is estimated at 4.3 percent in 2023, supported by a steep increase in remittances and foreign direct investment. Growth will be sustained over the medium term, though at a slightly...
Type: BriefReport#: 188911Date: 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
Algeria’s growth remained robust in2023 and, although lower hydrocarbon prices narrowed the current account surplus from its 2022 peak, the rebuilding of official reserves continued. Lower hydrocarbon...
Type: BriefReport#: 188932Date: April 3, 2024Author:
World Bank
Economic growth is projected to slow to3.4 percent in 2024 before regainingmomentum in subsequent years, drivenby new oil production coming online.Inflation is expected to decrease but remainabove the...
Type: BriefReport#: 188877Date: April 3, 2024Author:
World Bank
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