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
The Bangladesh Development Update provides an assessment of the state of the economy in Bangladesh, poverty trends, the economic outlook, risks, and key reform challenges. It covers real sector developments;...
Type: ReportReport#: 194098Date: October 1, 2024Author:
World Bank
Growth is expected to normalize in 2024 and revert to its long-term average of 3.3 percent over the medium term, anchored on continued tourist arrivals. Fiscal consolidation is expected to continue over...
Type: BriefReport#: 193970Date: October 1, 2024Author:
World Bank
GDP growth is expected to reach 3.1 percent in 2024, after a mild recession in 2023, which together with lower inflation is expected to drive down poverty rates to 33.1 percent in 2024. Risks include heightened...
Type: BriefReport#: 194028Date: October 1, 2024Author:
World Bank
St. Vincent and the Grenadines (SVG) is projected to grow at 5 percent in 2024, supported by a robust performance in tourism, recovery in agriculture, and implementation of large-scale infrastructure projects....
Type: BriefReport#: 194030Date: October 1, 2024Author:
World Bank
Progress toward comprehensive debt restructuring and wide-reaching reforms under the macroeconomic stabilization program has put Ghana on a path to fiscal sustainability. Currency stabilization and tight...
Type: BriefReport#: 194110Date: October 1, 2024Author:
World Bank
China’s economy had a strong start to the year, but a deeper contraction of the property sector and weaker consumption weighed on growth in the second quarter. Growth is projected at 4.8 percent in 2024,...
Type: BriefReport#: 193969Date: October 1, 2024Author:
World Bank
Suriname's economy has stabilized under a program to restructure debt, modernize monetary and exchange rate policies, and address financial sector vulnerabilities. Tighter monetary policy has gradually...
Type: BriefReport#: 194031Date: October 1, 2024Author:
World Bank
After experiencing a once-in-a-century drought in 2023, Uruguay’s growth is projected to rebound to 3.2 percent in 2024, driven by agricultural exports. Cellulose production is also expected to increase...
Type: BriefReport#: 194033Date: October 1, 2024Author:
World Bank
As the economy is stagnating due to extended OPEC+ production quotas, an expansionary fiscal stance and strong imports are expected to transform the surpluses of fiscal and external accounts into deficits....
Type: BriefReport#: 194042Date: October 1, 2024Author:
World Bank
Djibouti's economic activity showed modest improvement in 2024H1, leading to an upward revision of real GDP growth to 5.9 percent in 2024 - 0.8 percentage points higher than in the spring forecast. This...
Type: BriefReport#: 194038Date: October 1, 2024Author:
World Bank
Algeria’s growth remained dynamic, and inflation decelerated in early 2024, amid OPEC quota reductions but resilient agricultural output, higher public spending, and strong investment. Declining oil and...
Type: BriefReport#: 194035Date: October 1, 2024Author:
World Bank
Amid the continued blockade of the IRG's oil exports by the Houthis and the escalating conflict in the Middle East, Yemen faces an increasingly grim reality. The modest economic rebound in 2022 was short-lived,...
Type: BriefReport#: 194058Date: October 1, 2024Author:
World Bank
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