Economic growth continues to be suppressed by the extended oil output cuts but is projected to gradually pick up in FY2025 given a likely increase in oil production starting in 2025. The non-oil sector...
Type: BriefReport#: 194052Date: 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 increase. Tax reforms are aiding domestic...
Type: BriefReport#: 194099Date: October 1, 2024Author:
World Bank
The Colluli potash mine project is expected to support a modest increase in GDP growth to an estimated 2.8 percent in 2024. Lower global food prices are expected to help reduce inflation to 5.1 percent...
Type: BriefReport#: 194105Date: October 1, 2024Author:
World Bank
Liberia’s economy expanded by an estimated 4.7 percent in 2023 and is expected to maintain this momentum. Inflationary pressures have eased since peaking in fiscal year 2023. Although the medium-term outlook...
Type: BriefReport#: 194115Date: 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 improve in the medium-term supported...
Type: BriefReport#: 194127Date: October 1, 2024Author:
World Bank
Economic growth continues to accelerate, albeit at a modest pace, supported by improved agriculture production, private consumption, and exports. Real GDP growth is expected to rise to 4.4 percent in 2024,...
Type: BriefReport#: 194130Date: October 1, 2024Author:
World Bank
Growth accelerated to 5.1 percent in 2023 but lost steam in the first half of 2024. Low inflation and decreasing interest rates since Q12023 boosted private consumption and investment, but slower growth...
Type: BriefReport#: 194013Date: October 1, 2024Author:
World Bank
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
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