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 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
Growth is expected to increase to 4.3 percent in 2024, with domestic demand continuing to be the main driver of growth. Narrow fiscal space remains a key challenge for the economy, and the government has...
Type: BriefReport#: 188848Date: 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
The economies of Samoa, Tonga, and Vanuatu expanded, largely driven by a resurgence in travel and reconstruction activities, while benefitting from remittances. Although economies are projected to recover...
Type: BriefReport#: 188855Date: 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
Growth exceeded expectations by reaching8.7 percent in 2023, fueled by consumptionand investment. Average inflationdropped from 8.6 percent in 2022 to2 percent in 2023. Poverty and unemploymentcontinued...
Type: BriefReport#: 188870Date: April 3, 2024Author:
World Bank
Economic growth slowed to 1.1 percentin 2023, as a result of declining crudeoil production and lackluster growth inthe non-energy sector. Annual inflationfell sharply to 2.1 percent as both externaland...
Type: BriefReport#: 188871Date: April 3, 2024Author:
World Bank
The growth of the Serbian economy accelerated in the second half of 2023 bringing GDP growth for the year as whole to 2.5 percent. The incidence of poverty declined to an estimated 7.5 percent. Growth...
Type: BriefReport#: 188886Date: 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
Over the past nine months Türkiye has been moving rapidly to normalize macroeconomic policies. Economic growth was strong at 4.5 percent in 2023 but is projected to moderate to 3.0 percent in 2024 before...
Type: BriefReport#: 188888Date: April 3, 2024Author:
World Bank
The growth of the Serbian economy accelerated in the second half of 2023 bringing GDP growth for the year as whole to 2.5 percent. The incidence of poverty declined to an estimated 7.5 percent. Growth...
Type: BriefReport#: 188886Date: 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
Since October 2023, the Palestinian economy has experienced one of the largest shocks recorded in recent economic history. In Gaza, the loss of life, the speed and extent of fixed assets damage, and the...
Type: BriefReport#: 188945Date: 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
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
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
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