Amid global and regional turbulence and
tight financial conditions, economic growth has moderated
slightly to 6.4 percent in 2023, while inflation remains
elevated at...
Type: BriefReport#: 188981Date: April 3, 2024Author:
World Bank
Economic growth remained robust, at 5.6
percent in 2023, anchored on strong domestic demand and the
recovery of services. Growth is projected to rise to an
average of...
Type: BriefReport#: 188853Date: April 3, 2024Author:
World Bank
Tanzania’s real GDP growth
momentum remained strong at 5.2 percent in 2023, with low
and stable inflation. While both fiscal and current account
deficit narrowed,...
Type: BriefReport#: 189013Date: April 3, 2024Author:
World Bank
The economy continues to recover
following the pandemic and Cyclone Seroja. Growth
decelerated to an estimated 2.1 percent of GDP in 2023 due
to election related fiscal...
Type: BriefReport#: 188857Date: April 3, 2024Author:
World Bank
GDP growth stabilized at 3.5 percent
(0.6 percent per capita) in 2023, below expectations, due to
lower agricultural output and an electricity crisis,
resulting in limited...
Type: BriefReport#: 188997Date: April 3, 2024Author:
World Bank
In 2023, economic growth slowed to 3.3
percent, driven by reduced global demand for diamonds. In
FY24-26, economic activity is projected to stabilize at
3.5-4.0 percent,...
Type: BriefReport#: 188970Date: April 3, 2024Author:
World Bank
The political crisis and increasing gang
violence continue to impact economic activity, with Haiti
experiencing another year of negative growth in FY23. Haiti
has one...
Type: BriefReport#: 188907Date: April 3, 2024Author:
World Bank
Real growth decelerated for the
thirdconsecutive year since the post-pandemicrebound amidst
lingering inflationarypressures, stretched public finances,
andhigher borrowing...
Type: BriefReport#: 188882Date: April 3, 2024Author:
World Bank
Growth surged from 6.4 percent in FY22
to 7.2 percent in FY23, supported by good harvests and
steady service sector growth. However, growth remains lower
than before...
Type: BriefReport#: 188985Date: April 3, 2024Author:
World Bank
Tunisia’s economic outlook
remains highly uncertain. Tunisia’s already timid
post- Covid economic recovery came almost to a halt in 2023
amid a severe...
Type: BriefReport#: 188949Date: April 3, 2024Author:
World Bank
GDP growth is estimated at 3.2 percent
(0.5 percent per capita) in 2023, supported by services,
while mining was hampered by insecurity. Average inflation
subsided to...
Type: BriefReport#: 188971Date: April 3, 2024Author:
World Bank
Growth is expected to have slowed to 4.8
percent in 2023 despite exports, mainly tourism, returning
to pre-pandemic levels. Inflation stood at 3.7 percent,
aided by...
Type: BriefReport#: 188973Date: April 3, 2024Author:
World Bank
Growth is expected to increase to 4.3
percent in 2024, with domestic demand continuing to be the
main driver of growth. Narrow fiscal space remains a key
challenge for...
Type: BriefReport#: 188848Date: April 3, 2024Author:
World Bank
Mining investment will boost growth to
7.1 percent in 2023, poverty will decline slightly, and the
fiscal deficit widen to 1.6 percent as capital spending
rises. Growth...
Type: BriefReport#: 188989Date: April 3, 2024Author:
World Bank
The economies of Samoa, Tonga, and
Vanuatu expanded, largely driven by a resurgence in travel
and reconstruction activities, while benefitting from
remittances. Although...
Type: BriefReport#: 188855Date: April 3, 2024Author:
World Bank
Output surpassed pre-pandemic levels in
2023, supported by tourist arrivals above 2019 levels.
Fiscal policy has shifted towards revenue-based
consolidation to reduce...
Type: BriefReport#: 188845Date: April 3, 2024Author:
World Bank
Growth exceeded expectations by
reaching8.7 percent in 2023, fueled by consumptionand
investment. Average inflationdropped from 8.6 percent in
2022 to2 percent in 2023....
Type: BriefReport#: 188870Date: April 3, 2024Author:
World Bank
Economic growth slowed to 1.1 percentin
2023, as a result of declining crudeoil production and
lackluster growth inthe non-energy sector. Annual
inflationfell sharply...
Type: BriefReport#: 188871Date: April 3, 2024Author:
World Bank
The growth of the Serbian economy
accelerated in the second half of 2023 bringing GDP growth
for the year as whole to 2.5 percent. The incidence of
poverty declined...
Type: BriefReport#: 188886Date: April 3, 2024Author:
World Bank
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