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
Poland’s GDP growth deceleratedsharply in 2023 as high inflation, tighterfinancing conditions, and an unwindinginventory cycle weighed on growth. Theoutlook is positive with a newly electedpro-EU government...
Type: BriefReport#: 188883Date: April 3, 2024Author:
World Bank
Iraq’s economy contracted in 2023 due to OPEC+ production cuts that more than off-set a non-oil sector rebound. A sharp fiscal expansion is fueling consumption but weighs on fiscal and external balances,...
Type: BriefReport#: 188938Date: April 3, 2024Author:
World Bank
The government faces the challenge of correcting significant macroeconomic imbalances while ensuring the protection of the most vulnerable. Priorities include eliminating the fiscal deficit, realigning...
Type: BriefReport#: 188891Date: April 3, 2024Author:
World Bank
Driven by the drop in exports, real outputgrowth halved to 1.9 percent in2023 compared to the previous year.Slower private consumption helped reinin inflation, which stood at 6.1 percentin 2023 as food...
Type: BriefReport#: 188873Date: 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: ReportReport#: 188842Date: April 3, 2024Author:
World Bank
Amid a challenging external environment,GDP growth rose by an estimated3.1 percent in 2023, on the back of lowerinternational commodity prices, robustdiaspora flows and strong credit growth.Over the medium...
Type: BriefReport#: 188878Date: April 3, 2024Author:
World Bank
El Salvador is projected to experience an average growth of 2.5 percent from 2024 to 2026, influenced by a US slowdown affecting remittances and tourism. In 2024, inflation is expected to fall to 2.1 percent,...
Type: BriefReport#: 188903Date: April 3, 2024Author:
World Bank
Structural and institutional reforms strengthened macroeconomic management over recent years. This allowed the government to respond to the pandemic and inflation shocks without significantly impairing...
Type: BriefReport#: 188909Date: April 3, 2024Author:
World Bank
GDP growth decelerated to 0.6 percent in 2023 as the phase-out of stimulus measures added to policy uncertainty’s weight on investment. Macroeconomic imbalances are narrowing, with declining inflation...
Type: BriefReport#: 188898Date: 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
Structural and institutional reforms strengthened macroeconomic management over recent years. This allowed the government to respond to the pandemic and inflation shocks without significantly impairing...
Type: BriefReport#: 188909Date: April 3, 2024Author:
World Bank
Chile’s sound macroeconomic policies led to a recovery from Covid-induced imbalances, including high deficits and inflation. Fiscal and monetary tightening stabilized the economy but stunted 2023 growth....
Type: BriefReport#: 188897Date: April 3, 2024Author:
World Bank
GDP growth decelerated to 0.6 percent in 2023 as the phase-out of stimulus measures added to policy uncertainty’s weight on investment. Macroeconomic imbalances are narrowing, with declining inflation...
Type: BriefReport#: 188898Date: April 3, 2024Author:
World Bank
The Dominican economy is poised for a rebound in 2024, with an expected growth rate of 5.1 percent, fueled by the delayed impacts of monetary easing and increased public investment. Unemployment has decreased,...
Type: BriefReport#: 188901Date: April 3, 2024Author:
World Bank
Successful debt restructuring and implementation of wide-reaching reforms under a comprehensive macroeconomic stabilization program has put Suriname on a path to fiscal sustainability. Currency stabilization...
Type: BriefReport#: 188917Date: April 3, 2024Author:
World Bank
GDP growth is expected to be 2.7 percent in 2024, following a contraction in 2023 due to adverse climatic events, social unrest, and weak business confidence. Poverty is projected to decrease slightly...
Type: BriefReport#: 188914Date: April 3, 2024Author:
World Bank
Notwithstanding the advancement of the diversification agenda, hydrocarbon revenues still account for more than 60 percent of total budget revenues which exposes the economy to the volatility of energy...
Type: BriefReport#: 188933Date: April 3, 2024Author:
World Bank
Despite avoiding another energy crisis,Moldova has grappled with the falloutfrom Russia's invasion of Ukraine, facingreduced incomes and a strained economy,resulting in sluggish growth in 2023.Structural...
Type: BriefReport#: 188880Date: April 3, 2024Author:
World Bank
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