GDP growth is estimated at just 1 percent in FY2023-2024 reflecting supply chain and transport disruptions, and the impacts of elevated conflict and uncertainty. Sustained exchange rate depreciation and...
Type: BriefReport#: 188850Date: April 3, 2024Author:
World Bank
Mongolia's GDP growth is forecasted to remain robust at 4.8 percent in 2024, despite adverse weather affecting the agricultural sector and a slowdown in coal exports from the peak achieved in 2023. However,...
Type: BriefReport#: 188849Date: 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
Growth increased to 2 percent in 2023 and will remain at around this rate over 2024-26. The outlook is subject to downside risks from delays in the Lesotho Highlands Water Project, LHWP), and the implementation...
Type: BriefReport#: 188993Date: 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, 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
Real GDP is projected to grow by 4.1 percent in 2024, driven by continued increase in public spending financed by higher Southern African Customs Union (SACU) revenues. Despite easing global inflationary...
Type: BriefReport#: 188984Date: April 3, 2024Author:
World Bank
Economic growth is slowing, despite rising tourist arrivals. Large external imbalances, combined with external financing gaps have led to declining foreign exchange reserves and substantial liquidity pressures....
Type: BriefReport#: 188963Date: 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
Paraguay’seconomyis expected togrowby 3.8 percent in2024assuming normal weather conditions, while poverty is projected to decline to 18.6 percent. Strengthening the business environment, boosting productivity,...
Type: BriefReport#: 188913Date: April 3, 2024Author:
World Bank
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
Iran’s economy is continuing its oil-driven growth in 2023-2024, helping employment to return to pre-pandemic levels. Inflation remained elevated despite tighter monetary policy, in part due to inflationary...
Type: BriefReport#: 188937Date: 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
Viet Nam’s real GDP is expected to grow by 5.5 percent in 2024. Poverty is expected to decline from 3.9 percent in 2023 to 3.6 percent in 2024. Downside risks to growth include slower-than-expected growth...
Type: BriefReport#: 188858Date: 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
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
Grenada is expected to have returned to its strong pre-COVID growth in 2023, thanks to tourism and construction. The country has improved its fiscal position and continues to reduce its public debt. It...
Type: BriefReport#: 188904Date: April 3, 2024Author:
World Bank
Croatia's economic growth at 2.8 percentremained well above EU average in 2023,supporting income convergence. Povertyhas likely stayed stagnant at 1.4 percentin 2023. The medium-term outlook isrelatively...
Type: BriefReport#: 188875Date: April 3, 2024Author:
World Bank
Guyana emerged as one of the world's fastest-growing economies following the development of its oil and gas (O&G) sector. In light of the substantial oil revenues, the government is implementing an ambitious...
Type: BriefReport#: 188906Date: 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
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