Economic growth is expected to
accelerate to 5.6 percent in 2024 as favorable rainfall
supported agricultural production while increased tourism
bolstered services....
Type: BriefReport#: 194109Date: October 1, 2024Author:
World Bank
Income per capita is expected to decline
by 0.2 percent in 2024, resulting from a modest growth rate
of 2.1 percent. Hence, the poverty rate is projected to
slightly...
Type: BriefReport#: 194099Date: October 1, 2024Author:
World Bank
Real GDP is projected to grow by 4.6
percent in 2024, driven by higher exports and public
spending financed by higher Southern African Customs Union
(SACU) revenues....
Type: BriefReport#: 194106Date: October 1, 2024Author:
World Bank
GDP growth is projected to reach 3.7
percent in 2024 (0.6 percent per capita), supported by
agriculture and services, while continuing electricity
shortages are expected...
Type: BriefReport#: 194118Date: October 1, 2024Author:
World Bank
Malawi’s economic situation
remains challenging. A severe drought in 2024 has
exacerbated macroeconomic imbalances and added to successive
poor harvests and high...
Type: BriefReport#: 194117Date: October 1, 2024Author:
World Bank
Growth accelerated in FY24, driven by
tourism, hydropower, and remittance-driven private
consumption. Reduced recurrent spending lowered the fiscal
deficit, while lower...
Type: BriefReport#: 194065Date: October 1, 2024Author:
World Bank
Rwanda’s strong economic
momentum continued in 2024 with 9.7 percent growth in the
first quarter - led by services, manufacturing, and food
production. Inflationary...
Type: BriefReport#: 194126Date: October 1, 2024Author:
World Bank
Growth recovery has been modest since
2022, constrained by low energy supply, and declining
external financing. It is projected at 1.1 percent in 2024
and to gradually...
Type: BriefReport#: 194127Date: October 1, 2024Author:
World Bank
An economic stabilization program is
underway, underpinned by a strong fiscal adjustment, a
correction in relative prices, and the strengthening of the
Central Bank’s...
Type: BriefReport#: 194006Date: October 1, 2024Author:
World Bank
The United Arab Emirates (UAE) maintains
its status as a key regional hub for trade, finance, and
tourism, supported by significant progress in economic
diversification...
Type: BriefReport#: 194055Date: October 1, 2024Author:
World Bank
2024 GDP growth is expected to slow to 3
percent (-0.1 percent per capita) despite increased oil
exports and public spending, as economic spillovers from the
war in...
Type: BriefReport#: 194095Date: October 1, 2024Author:
World Bank
Ethiopia liberalized its foreign
exchange market, removing a significant obstacle to economic
growth and stability. Complementary structural reforms
support the transition...
Type: BriefReport#: 194107Date: October 1, 2024Author:
World Bank
Real GDP is projected to grow by 4.6
percent in 2024, driven by higher exports and public
spending financed by higher Southern African Customs Union
(SACU) revenues....
Type: BriefReport#: 194106Date: October 1, 2024Author:
World Bank
Despite the decline in power cuts since
early 2024, the medium-term growth trajectory remains
hampered by several supply-side structural constraints
(infrastructure...
Type: BriefReport#: 194131Date: October 1, 2024Author:
World Bank
The economy has stabilized with positive
growth, low inflation, a steady exchange rate, and improved
fiscal and external balances amid the debt service
suspension. However,...
Type: BriefReport#: 194067Date: October 1, 2024Author:
World Bank
A recovery in tourism infrastructure
spending and easing inflation have supported economic
activity in Dominica in 2023, although high food prices
continue to disrupt...
Type: BriefReport#: 194014Date: October 1, 2024Author:
World Bank
Despite the devastation of Hurricane
Beryl, Grenada’s economy is anticipated to
continue growing, supported by tourism and construction.
Even with greater fiscal...
Type: BriefReport#: 194018Date: October 1, 2024Author:
World Bank
Economic growth is projected to remain
robust over the medium term, driven by strong performance in
the tourism sector. However, long-standing fiscal and
external imbalances,...
Type: BriefReport#: 194064Date: October 1, 2024Author:
World Bank
The economy has stabilized with positive
growth, low inflation, a steady exchange rate, and improved
fiscal and external balances amid the debt service
suspension. However,...
Type: BriefReport#: 194067Date: October 1, 2024Author:
World Bank
Economic growth continues to be
undermined by persistent macroeconomic instability. Despite
tighter monetary and fiscal policies, the kip depreciated by
20 percent on...
Type: BriefReport#: 193972Date: October 1, 2024Author:
World Bank
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