Cameroon's economic growth shows signs of recovery after its slowdown in 2023. However, the growth rate remains below the target set out in the Nation’s development strategy (NDS30), implying limited poverty...
Type: BriefReport#: 194093Date: October 1, 2024Author:
World Bank
Economic growth is slowing from the strong rebound of 2023 and is estimated at 5.0 percent in 2024. Poverty remains high as the link between growth and poverty reduction has weakened. Inflation is falling...
Type: BriefReport#: 194113Date: October 1, 2024Author:
World Bank
Pakistan's economy stabilized in FY24, supported by strong agricultural growth, improved macroeconomic policies, new external financing, easing import controls, and political uncertainty. However, with...
Type: BriefReport#: 194066Date: October 1, 2024Author:
World Bank
Following weaker-than-expected growth in 2023, Malaysia is projected to grow at a higher rate of 4.9 percent in 2024. Stronger private consumption, investment, and exports will continue to support growth....
Type: BriefReport#: 193973Date: October 1, 2024Author:
World Bank
A significant drop in oil production derailed economic growth, despite better harvests. Food insecurity and extreme poverty remain high because of high inflation, climate and external shocks, declining...
Type: BriefReport#: 194132Date: October 1, 2024Author:
World Bank
The Ugandan economy recorded accelerated growth, supported by continued investment momentum. Headline inflation declined sharply driven by moderating food prices, monetary policy tightening, and relative...
Type: BriefReport#: 194136Date: October 1, 2024Author:
World Bank
Since October 2023, and as a direct spillover of the conflict in the Middle East, military confrontation on the southern border with Israel has been escalating, adding strain to Lebanon's crisis-ridden...
Type: BriefReport#: 194045Date: October 1, 2024Author:
World Bank
Economic recovery in Barbados continues despite significant challenges facing the country due to its small size, heavy reliance on tourism, and vulnerability to climate-related and other external shocks....
Type: BriefReport#: 194007Date: October 1, 2024Author:
World Bank
The economy is expected to grow by 2.5 percent in 2024, driven by national election related spending and public infrastructure investments in the energy and transportation sectors. In the medium term,...
Type: BriefReport#: 193980Date: October 1, 2024Author:
World Bank
Guyana remains one of the world's fastest-growing economies following the development of its oil and gas sector. The government is implementing an ambitious investment program to transform the non-oil...
Type: BriefReport#: 194020Date: October 1, 2024Author:
World Bank
Ecuador faces significant challenges centered around structurally low growth, low-quality employment, and strained fiscal accounts. The government passed reforms that helped improve the fiscal stance,...
Type: BriefReport#: 194016Date: October 1, 2024Author:
World Bank
In recent decades, El Salvador has sustained stable, albeit low growth, achieving reductions in poverty and inequality, although progress on poverty has slowed since the pandemic. The country has also...
Type: BriefReport#: 194017Date: October 1, 2024Author:
World Bank
Guatemala has grown steadily in recent years with sound macroeconomic performance but with poor social outcomes, due to low and ineffective social expenditure and low productivity. Addressing these challenges...
Type: BriefReport#: 194019Date: October 1, 2024Author:
World Bank
Monitoring progress on poverty and inequality in the Democratic Republic of Congo (DRC) is complicated due to the lack of recent data. Between 2011 and 2022, the DRC experienced an average annual per-capita...
Type: BriefReport#: 196071Date: October 1, 2024Author:
World Bank
North Macedonia has made considerable gains in poverty reduction since the 2008 global financial crisis. The poverty rate (based on the upper middle-income class poverty line of $6.85/day in 2017 PPP)...
Type: BriefReport#: 196099Date: October 1, 2024Author:
World Bank
Following strong post-COVID-19 growth, averaging 8 percent, extreme poverty in India declined by 2 percentage points. In FY 2021/22, 44 percent of the population remained below the lower-middle-income...
Type: BriefReport#: 196122Date: October 1, 2024Author:
World Bank
Iraq recently completed data collection for the third round of its nationally representative survey, the Iraq Household Socioeconomic Survey (IHSES) 2023-24. Updated poverty and equity estimates are expected...
Type: BriefReport#: 196124Date: October 1, 2024Author:
World Bank
The proportion of the population living below the national poverty line fell from 56.6 percent to 49.7 percent between 2002 and 2017, a 7- percentage point reduction over a 15-year period. The main contributor...
Type: BriefReport#: 196136Date: October 1, 2024Author:
World Bank
As of 2023, 17.5 million Filipinos, or 15.5 percent of the population of the Philippines, were living in poverty, based on recently published official estimates. This includes about 4.8 million people,...
Type: BriefReport#: 196142Date: October 1, 2024Author:
World Bank
Senegal recorded a substantial reduction in poverty thanks to solid economic performance during the 2010 decade. The average GDP growth rate was around 5 percent during that period, and the incidence of...
Type: BriefReport#: 196149Date: October 1, 2024Author:
World Bank
You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Before you leave, we’d love to get your feedback on your experience while you were here. Will you take two minutes to complete a brief survey that will help us to improve our website?
Feedback Survey
Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website.
Thank you for participating in this survey! Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org.
