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
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
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
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
The economy is gradually recovering, but growth remained modest at an estimated1.9 percent in2023, driven by non-oil activities. The ongoing fuel subsidies reform is helping to maintain fiscal surpluses...
Type: BriefReport#: 188980Date: April 3, 2024Author:
World Bank
Cameroon's economy grew by 4.0 percent in 2023, up from 3.6 percent in 2022. However, poverty reduction remains slow, with 23.0 percent living below the international poverty line of $2.15 PPP per person...
Type: BriefReport#: 188974Date: 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
Mauritius sustained strong growth of nearly 6 percent in 2023, supported by tourism and aggregated demand, particularly household consumption and investment. Medium-term growth is expected to be supported...
Type: BriefReport#: 188999Date: April 3, 2024Author:
World Bank
Kenya’s growth rebounded after two consecutive years of droughts, as the poverty rate continued its declining trend. The Government of Kenya is taking bold measures to strengthen its macroeconomic policy...
Type: BriefReport#: 188991Date: 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
Cameroon's economy grew by 4.0 percent in 2023, up from 3.6 percent in 2022. However, poverty reduction remains slow, with 23.0 percent living below the international poverty line of $2.15 PPP per person...
Type: BriefReport#: 188974Date: 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
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