Economic growth is expected to reach 3.5 percent in 2024, supported by tourismand the rebuilding of infrastructuredamaged by extremeweatherandthe blast atanexplosives depot in 2023. Despite these shocks,...
Type: BriefReport#: 189007Date: April 3, 2024Author:
World Bank
GDP growth is projected to slow to 3.3 percent in 2024 after a solid post-pandemic recovery in 2022-23. While a slowdown was expected, the growth is further affected by persistent macroeconomic instability...
Type: BriefReport#: 189017Date: 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
Jordan has demonstrated resilience amidst consecutive external shocks, preserving macroeconomic stability albeit with growing vulnerabilities associated with climate change and regional conflicts. However,...
Type: BriefReport#: 188939Date: April 3, 2024Author:
World Bank
Panama is estimated to have grown 6.5 percent in 2023 fueled by strong construction, commerce, transport, tourism, the Colon Free Trade Zone, and financial activities during the first three quarters. Improving...
Type: BriefReport#: 188912Date: April 3, 2024Author:
World Bank
Ghana’s economic conditions improved in 2023 but challenges remain, notably elevated inflation, subdued growth, and substantial pressure on public finances and debt sustainability. These lingering challenges...
Type: BriefReport#: 188988Date: April 3, 2024Author:
World Bank
Notwithstanding its large hydrocarbon resources and associated liquefied natural gas (LNG) revenues, Qatar is pursuing a long-term strategy focused on economic diversification. Growth in tourism, new infrastructure...
Type: BriefReport#: 188946Date: April 3, 2024Author:
World Bank
This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of the Sub-Saharan Africa...
Type: ReportReport#: 188860Date: 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#: 188846Date: 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
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#: 189001Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have remained unchanged at 3.8 percent in 2023 due to sluggish export performance linked to the global economic slowdown and unfavorable export price management. It is projected...
Type: BriefReport#: 188995Date: 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
Economic growth is estimated to have reached 0.9 percent in 2023, compared to 0.5 percent in 2022.CAR's structural vulnerabilities, compounded by external shocks, continue to strain public finances and...
Type: BriefReport#: 188975Date: April 3, 2024Author:
World Bank
Real GDP growth slowed in 2023 to 3.4 percent from 6.4 percent in 2022. Monetary policy tightening and lower international food and energy prices eased inflation and improved the current account balance....
Type: BriefReport#: 188998Date: April 3, 2024Author:
World Bank
Equatorial Guinea’s economy contracted by an estimated 5.8 percent in 2023, mainly due to declining oil reserves. The fiscal and external balances deteriorated amid declining oil export earnings. The economy...
Type: BriefReport#: 188982Date: April 3, 2024Author:
World Bank
The economy has maintained growth momentum in 2023.Highcommodity prices boosted revenues, helping fiscal consolidation. Inflation has decelerated, and the Bank of PNG allowed greater exchange rate flexibility....
Type: BriefReport#: 188852Date: 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
Real GDP growth is expected to slow from 5.8 percent in FY23 to 5.6 percent in FY24, as inflation weighs on consumption and import restrictions and financial sector vulnerabilities constrain private investment....
Type: BriefReport#: 188960Date: April 3, 2024Author:
World Bank
Buoyant construction, manufacturing, and services drove strong growth in India in FY23/24 and will continue to anchor growth at high levels over the medium term despite the muted global outlook. In recent...
Type: BriefReport#: 188962Date: April 3, 2024Author:
World Bank
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