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
The growth momentum increased in 2024 with the reopening of a major gold mine (Porgera). The government has continued implementing its fiscal consolidation plan to safeguard macroeconomic stability. Inflation...
Type: BriefReport#: 193978Date: October 1, 2024Author:
World Bank
GDP is expected to contract in 2024 amid gang violence and a protracted political and institutional crisis. Agriculture will be the most impacted sector. Persistent high food prices further compound the...
Type: BriefReport#: 194021Date: 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
After contracting by 5.7 percent in 2023, economic activity in Equatorial Guinea is projected to pick up in 2024 mainly supported by stronger hydrocarbon output. Fiscal and external positions are expected...
Type: BriefReport#: 194104Date: October 1, 2024Author:
World Bank
GDP growth is projected to reach 3.7 percent in 2024 (0.6 percent per capita), supported by agriculture and services, while continuing electricity shortages are expected to hinder industrial production....
Type: BriefReport#: 194118Date: October 1, 2024Author:
World Bank
Growth will be driven by investments associated with Phase II of the Lesotho Highlands Water Project (LHWP-II), increasing in 2024 and 2025, and moderating thereafter. Structural weaknesses limit private...
Type: BriefReport#: 194114Date: October 1, 2024Author:
World Bank
In 2017, around 21.1 percent of the population in Djibouti lived below the national poverty line. Using the international poverty thresholds of $2.15 and $3.65 per person per day (based on the 2017 Purchasing...
Type: BriefReport#: 196077Date: October 1, 2024Author:
World Bank
The Dominican Republic experienced significant economic growth from 2005 until 2019, with an average annual growth rate of 5.7 percent, well above the Latin America and the Caribbean average of 2.5 percent....
Type: BriefReport#: 196078Date: October 1, 2024Author:
World Bank
Using the national measure of poverty for the Republic of the Marshall Islands (RMI), 7.2 percent of the population lived below the basic-needs poverty line in 2019/20, based on the latest Household Income...
Type: BriefReport#: 196098Date: October 1, 2024Author:
World Bank
Mauritius has eradicated extreme poverty; whereas, in 2017, 13.5 percent of Mauritians were below the upper middle-income class poverty line of $6.85 a day (2017 PPP). About one in two of the poor in Mauritius...
Type: BriefReport#: 196106Date: October 1, 2024Author:
World Bank
After several years of poverty reduction, Jamaica's national poverty rate (using the country’s official poverty line) increased from 11 percent in 2019 to 16.7 percent in 2021, following the onset of the...
Type: BriefReport#: 196125Date: October 1, 2024Author:
World Bank
Kazakhstan has achieved large reductions in poverty over the past two decades. Both national poverty estimates and internationally comparable poverty rates declined sharply. The national poverty rate fell...
Type: BriefReport#: 196127Date: October 1, 2024Author:
World Bank
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