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
Mongolia's GDP growth is forecasted to remain robust at 5.3 percent in 2024, despite adverse weather affecting the agricultural sector. With rising real wages, the poverty rate, measured at the upper middle-income...
Type: BriefReport#: 193975Date: 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
With the ongoing macroeconomic adjustment, growth is projected to recover to 3.5 percent in FY25 from an estimated 2.5 percent in FY24. Inflation remains in double digits with disproportionate implications...
Type: BriefReport#: 194040Date: October 1, 2024Author:
World Bank
Libya continues to suffer from political divisions over the transparency, control, and benefits of the oil wealth. Tensions recently escalated over the appointment of the Governor and Board of Directors...
Type: BriefReport#: 194046Date: October 1, 2024Author:
World Bank
Sound macroeconomic management has enabled Jamaica to respond to a series of economic shocks without significantly impairing fiscal sustainability and poverty reduction. Real GDP growth is expected to...
Type: BriefReport#: 194023Date: 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
As of 2018, data indicates that about 16.5 million Angolans, or 52.9 percent of the population, lived on less than 3.65 dollars per person per day (2017 PPP), the international poverty line for lower-middle...
Type: BriefReport#: 196045Date: October 1, 2024Author:
World Bank
Over the past decade, Bulgaria has seen a significant decline in poverty and robust income growth among the bottom 40 percent of the population, driven by strong economic growth. Between 2015 and 2020,...
Type: BriefReport#: 196058Date: October 1, 2024Author:
World Bank
In early 2021, the government of China announced the elimination of poverty in rural areas, as measured using the official poverty standard, equivalent to $2.30/day (2017 PPP). However, using a higher...
Type: BriefReport#: 196068Date: October 1, 2024Author:
World Bank
Coral reef management has evolved from a focus on assessing the state of ecosystems to greater consideration of their resilience. Resilience-based management is more responsive to the threats facing coral...
Type: Country Climate and Development ReportReport#: 192024Date: October 1, 2024Author:
World Bank
High debt and limited fiscal space demand fiscal consolidation. However, cutting spending should not compromise long-term growth. Public investment should be protected, avoiding wasteful projects. Cuts...
Type: ReportReport#: 194075Date: October 1, 2024Author:
Chadi Bou Habib ;
John Nana Darko Francois ;
Robert Johann Utz
Despite an expected increase in growth from 3.8 percent in 2023 to 4.5 percent in 2024, Madagascar's poverty rate remains persistently high at 80.2 percent, based on the $2.15 per person per day (2017...
Type: BriefReport#: 196095Date: October 1, 2024Author:
World Bank
The official multidimensional poverty rate in Mexico, which measures monetary poverty as well as deprivations in education, health, social security, housing quality, basic utilities, and food security,...
Type: BriefReport#: 196097Date: October 1, 2024Author:
World Bank
Poverty remains a significant challenge in Mali. The incidence of poverty, benchmarked against the national poverty line, increased by 3.4 percentage points from 42.1 percent in 2018 to 45.5 percent in...
Type: BriefReport#: 196100Date: October 1, 2024Author:
World Bank
Poverty had been declining before COVID-19; however, the pace of poverty reduction had already started slowing. In 2019, the national poverty rate was 33.6 percent, equivalent to 15.8 million people below...
Type: BriefReport#: 196128Date: October 1, 2024Author:
World Bank
The Tourism Watch is a quarterly report produced by the World Bank which monitors global and regional tourism sector performance, outlook, and highlights policies aimed at enhancing the sector’s economic,...
Type: NewsletterReport#: 194401Date: October 1, 2024Author:
Alex Pio ;
Paula Bellas Suarez ;
Alba Suris Coll Vinent
Growth slowed in 2023 due to low budget execution during the government transition. Inflation fell to 3.4 percent in early 2024, driven by non-food prices, though food prices remain high. Labor market...
Type: BriefReport#: 193983Date: October 1, 2024Author:
World Bank
While lagging ASEAN peers, Thailand’s real GDP growth is projected to accelerate to 2.4 percent in 2024, driven by the recovery of private consumption and tourism. Inflation remains subdued amid still...
Type: BriefReport#: 193982Date: October 1, 2024Author:
World Bank
With fuel import shortages unresolved and repeated power outages in 2024, economic stagnation persists, with growth projected at just 0.7 percent. In this context, the country is navigating a difficult...
Type: BriefReport#: 194094Date: October 1, 2024Author:
World Bank
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