In 2023, economic growth slowed to 3.3 percent, driven by reduced global demand for diamonds. In FY24-26, economic activity is projected to stabilize at 3.5-4.0 percent, buoyed by an expansionary fiscal...
Type: BriefReport#: 188970Date: 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
The 24th issue of the SARRE Newsletter focuses on women and promoting gender-inclusive development. Around 100 women engineers gathered in Bangkok in March 2024 to celebrate the completion of WePower SAR-100...
Type: NewsletterReport#: 189624Date: 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 Latin America...
Type: ReportReport#: 188860Date: April 3, 2024Author:
World Bank
Bulgaria’s economy slowed down in2023 in tune with trends in key tradingpartners. Inflation kept decelerating, butthe pace is slow and puts at risk thecountry’s eurozone accession bid for2025. Real wage...
Type: BriefReport#: 188874Date: 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 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
Ukraine’s economy has resumed modest growth, estimated at 4.8 percent in 2023.Concurrently, macroeconomic risks emanating from the on-going active hostilitiesand uncertainty about the timing and amount...
Type: BriefReport#: 188889Date: April 3, 2024Author:
World Bank
Gabon’s economy grew by 2.3 percent in 2023 on the back of sustained oil production, down from 3.0 percent in 2022. Following a coup d’état in August 2023, an orderly return to an elected government over...
Type: BriefReport#: 188986Date: 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
Oman’s economy continues to perform well, supported by favorable oil prices and a commitment to the economic diversification program, in line with the country’s Vision 2040. Concerted efforts are underway...
Type: BriefReport#: 188944Date: April 3, 2024Author:
World Bank
Dominica, a small island developing state (SIDS), faces economic challenges and climate vulnerability. Post-pandemic recovery is strong, driven by tourism, infrastructure, and agriculture, though high...
Type: BriefReport#: 188900Date: April 3, 2024Author:
World Bank
Growth has been moderate and dependent on remittances and external demand. It decelerated to 3.5 percent in 2023 and is expected to decrease slightly to 3.4 percent in 2024 due to slower US growth. Stable...
Type: BriefReport#: 188908Date: April 3, 2024Author:
World Bank
Following a strong recovery at 8.9 percent in 2022, the DRC’s economy is estimated to have slowed down in 2023 but remained resilient. The terms-of-trade deterioration and higher imports would maintain...
Type: BriefReport#: 188978Date: April 3, 2024Author:
World Bank
Nigeria has initiated bold reforms to restore macroeconomic stability, but further efforts are needed. The Government has moved forward on normalization of monetary policy, revenue-driven fiscal consolidation,...
Type: BriefReport#: 189003Date: April 3, 2024Author:
World Bank
Economic growth rose slightly to 1.5 percent in 2023 from 0.9 percent in 2022. This was supported by the resumption of electricity production at the Kapichira hydro- electric plant, but the unavailability...
Type: BriefReport#: 188996Date: April 3, 2024Author:
World Bank
Following a strong recovery at 8.9 percent in 2022, the DRC’s economy is estimated to have slowed down in 2023 but remained resilient. The terms-of-trade deterioration and higher imports would maintain...
Type: BriefReport#: 188978Date: 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
Better harvests and a partial recovery in oil production following flooding-related disruptions are lifting overall growth. However, food insecurity and extreme poverty remain high because of climate and...
Type: BriefReport#: 189011Date: April 3, 2024Author:
World Bank
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