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...
Type: BriefReport#: 188944Date: 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...
Type: BriefReport#: 188942Date: April 3, 2024Author:
World Bank
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...
Type: BriefReport#: 188844Date: 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
Better harvests and a partial recovery
in oil production following flooding-related disruptions are
lifting overall growth. However, food insecurity and extreme
poverty...
Type: BriefReport#: 189011Date: April 3, 2024Author:
World Bank
The economy continues its recovery as
improved weather conditions boost agriculture production,
private consumption, and exports. GDP is estimated to have
grown at 3.1...
Type: BriefReport#: 189009Date: April 3, 2024Author:
World Bank
The Romanian economy grew by 2.1
percentin 2023, supported by EU-financedinvestment and
resilient consumption.Successful issuance of the first
publicgreen bond in February...
Type: BriefReport#: 188884Date: 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...
Type: BriefReport#: 189003Date: 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,...
Type: BriefReport#: 188986Date: 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....
Type: BriefReport#: 188984Date: April 3, 2024Author:
World Bank
Crisis in the electricity sector and
uncertainty in external concessional financing pushed the
economy into recession. GDP is estimated to have contracted
by 0.5 percent....
Type: BriefReport#: 189005Date: April 3, 2024Author:
World Bank
In 2023, lower oil production and an
exchange rate shock led to economic stagnation. The May-June
currency slide continues to fuel inflationary pressures.
Lower tax...
Type: BriefReport#: 188968Date: April 3, 2024Author:
World Bank
GDP growth is estimated at 3.2 percent
(0.5 percent per capita) in 2023, supported by services,
while mining was hampered by insecurity. Average inflation
subsided to...
Type: BriefReport#: 188971Date: 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...
Type: BriefReport#: 188906Date: 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...
Type: BriefReport#: 188933Date: 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...
Type: BriefReport#: 188963Date: April 3, 2024Author:
World Bank
Notwithstanding its large hydrocarbon
resources and associated liquefied natural gas (LNG)
revenues, Qatar is pursuing a long-term strategy focused on
economic diversification....
Type: BriefReport#: 188946Date: April 3, 2024Author:
World Bank
Amid the blockade of the
IRG’s oil exports by the Houthis and conflict in
the Middle East, Yemen navigates between glimpses of hope
and a grim reality. The national...
Type: BriefReport#: 188952Date: 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
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...
Type: BriefReport#: 188990Date: April 3, 2024Author:
World Bank
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