Growth is expected to have slowed to 4.8 percent in 2023 despite exports, mainly tourism, returning to pre-pandemic levels. Inflation stood at 3.7 percent, aided by declining fuel and food prices. Growth-friendly...
Type: BriefReport#: 188973Date: April 3, 2024Author:
World Bank
Economic growth accelerated to 5.3 percent in 2023 as favorable rainfall led to a good harvest while investment supported growth in the industry sector. Inflation averaged 16.9 percent, eroding the purchasing...
Type: BriefReport#: 188987Date: April 3, 2024Author:
World Bank
Weak cashew export performance and high inflation kept growth at 4.2 percent in 2023, undermining poverty reduction. Budget slippages and lower revenues derailed fiscal consolidation efforts while infrastructure...
Type: BriefReport#: 188990Date: 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
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#: 189000Date: April 3, 2024Author:
World Bank
Growth is projected to moderate in 2024 before picking up again in 2025-26, albeit at a slower-than-expected pace reflecting a deteriorated external environment including ECOWAS uncertainties, and ongoing...
Type: BriefReport#: 189014Date: 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
The economic crisis continues, causing decreased activity and persistent poverty. A combination of better supply and depressed demand results in ongoing deflation. Off-budget transfers were reduced in...
Type: BriefReport#: 188959Date: April 3, 2024Author:
World Bank
Output grew by 4.5 percent in FY22/23 and growth rate is projected to increase in the medium term, due to recovery in industry and services sectors. Fiscal deficit is anticipated to increase in FY23/24...
Type: BriefReport#: 188961Date: April 3, 2024Author:
World Bank
Growth in 2023 is estimated at 3.3percent, led by private consumption,tourism and construction. Price pressurescontinued to ease. Growth is projectedat the same levels in 2024, ledby services. Poverty...
Type: BriefReport#: 188869Date: April 3, 2024Author:
World Bank
Growth in 2023 is estimated at 3.3percent, led by private consumption,tourism and construction. Price pressurescontinued to ease. Growth is projectedat the same levels in 2024, ledby services. Poverty...
Type: BriefReport#: 188869Date: 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
Barbados’ economy grew at 4.5 percent in 2023, exceeding pre-pandemic levels as the number of tourists returned to pre-2019 levels. The resurgence of the economy is expected to alleviate poverty and improve...
Type: BriefReport#: 188893Date: 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
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
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
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
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#: 188845Date: 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
Economic growth remains significantly below pre-Covid-19 levels, partly due to a protracted period of macroeconomic instability. The Lao kip continues to depreciate, while average annual inflation is expected...
Type: BriefReport#: 188847Date: April 3, 2024Author:
World Bank
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