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...
Type: BriefReport#: 188843Date: April 3, 2024Author:
World Bank
The economy is expected to grow by 2.8
percent in 2024, driven by national election preparations
and public infrastructure investments in the energy and
transportation...
Type: BriefReport#: 188854Date: 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...
Type: BriefReport#: 188989Date: April 3, 2024Author:
World Bank
Real GDP is expected to contract further
by 3.5 percent in 2024, after a 12 percent contraction in
2023, driven by widespread destruction of productive
capacity due...
Type: BriefReport#: 189012Date: 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...
Type: BriefReport#: 188994Date: April 3, 2024Author:
World Bank
The 2023 Niger border closure, policy
changes in Nigeria and climate shocks moderated growth to
5.8 percent. The international poverty measure fell to 11.7
percent....
Type: BriefReport#: 188969Date: April 3, 2024Author:
World Bank
Despite some recovery,
Pakistan’s economy remains under stress with low
foreign reserves and high inflation. Policy uncertainty
remains elevated and economic...
Type: BriefReport#: 188965Date: April 3, 2024Author:
World Bank
GDP growth is projected to increase from
1.9 percent in FY23 to 3.3 percent in FY24, driven by
revived tourism and improved electricity generation.
Decreased expenditure...
Type: BriefReport#: 188964Date: April 3, 2024Author:
World Bank
Chad’s economy has proven
resilient despite the war in neighboring Sudan. GDP growth
in 2023 is estimated at 4.1 percent (1 percent per capita),
supported by...
Type: BriefReport#: 188976Date: April 3, 2024Author:
World Bank
Economic growth slowed slightly to 3.7
percent in 2023 due to social unrest and delayed hydrocarbon
production. The fiscal deficit and debt remained high,
fueled by...
Type: BriefReport#: 189006Date: 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...
Type: BriefReport#: 189016Date: April 3, 2024Author:
World Bank
GDP growth is projected to increase from
1.9 percent in FY23 to 3.3 percent in FY24, driven by
revived tourism and improved electricity generation.
Decreased expenditure...
Type: BriefReport#: 188964Date: April 3, 2024Author:
World Bank
In 2023, economic growth rebounded to
2.7 percent from 1.8 percent in 2022, spurred by robust
agricultural production. However, inflation spiked, then
moderated late...
Type: BriefReport#: 188972Date: April 3, 2024Author:
World Bank
Growth accelerated to 5.1 percent in
2023 supported by strong domestic and external demand.
Adequate monetary policy and lower international prices
helped dissipate...
Type: BriefReport#: 188899Date: April 3, 2024Author:
World Bank
GDP growth in Nicaragua is estimated at
4.3 percent in 2023, supported by a steep increase in
remittances and foreign direct investment. Growth will be
sustained over...
Type: BriefReport#: 188911Date: April 3, 2024Author:
World Bank
In 2023, the economy expanded by 4.3
percent, largely driven by a strong recovery in tourism.
Fiscal and current account deficits narrowed significantly;
the unemployment...
Type: BriefReport#: 188892Date: 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...
Type: BriefReport#: 188877Date: 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...
Type: BriefReport#: 188937Date: 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...
Type: BriefReport#: 188897Date: April 3, 2024Author:
World Bank
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