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
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 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
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
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
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