Real GDP growth slowed in 2023 to 3.4
percent from 6.4 percent in 2022. Monetary policy tightening
and lower international food and energy prices eased
inflation and...
Type: BriefReport#: 188998Date: April 3, 2024Author:
World Bank
Equatorial Guinea’s economy
contracted by an estimated 5.8 percent in 2023, mainly due
to declining oil reserves. The fiscal and external balances
deteriorated...
Type: BriefReport#: 188982Date: April 3, 2024Author:
World Bank
The economy has maintained growth
momentum in 2023.Highcommodity prices boosted revenues,
helping fiscal consolidation. Inflation has decelerated, and
the Bank of PNG...
Type: BriefReport#: 188852Date: April 3, 2024Author:
World Bank
Real GDP growth is expected to slow from
5.8 percent in FY23 to 5.6 percent in FY24, as inflation
weighs on consumption and import restrictions and financial
sector...
Type: BriefReport#: 188960Date: April 3, 2024Author:
World Bank
Buoyant construction, manufacturing, and
services drove strong growth in India in FY23/24 and will
continue to anchor growth at high levels over the medium
term despite...
Type: BriefReport#: 188962Date: April 3, 2024Author:
World Bank
Guatemala possesses the macroeconomic
stability required to foster inclusive growth yet struggles
to implement reforms to quicken growth and alleviate poverty
and inequality....
Type: BriefReport#: 188905Date: April 3, 2024Author:
World Bank
Since October 2023, the Palestinian
economy has experienced one of the largest shocks recorded
in recent economic history. In Gaza, the loss of life, the
speed and extent...
Type: BriefReport#: 188945Date: April 3, 2024Author:
World Bank
Subsequent OPEC+ decisions of cutting
oil production is adversely affecting Saudi
Arabia’s overall GDP, fiscal, and external
balance positions. Meanwhile, the...
Type: BriefReport#: 188947Date: April 3, 2024Author:
World Bank
Viet Nam’s real GDP is
expected to grow by 5.5 percent in 2024. Poverty is expected
to decline from 3.9 percent in 2023 to 3.6 percent in 2024.
Downside risks...
Type: BriefReport#: 188858Date: April 3, 2024Author:
World Bank
Real GDP growth is expected to be 2.3
percent in 2024 and gradually converge to its potential by
2026. Poverty has declined significantly since 2020, but
structural...
Type: BriefReport#: 188910Date: April 3, 2024Author:
World Bank
The economy grew by 6 percent in 2023
amid broad based expansion and fiscal stimulus. The
government is expected to consolidate fiscal spending in
2024 following an...
Type: BriefReport#: 188890Date: April 3, 2024Author:
World Bank
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
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