A recovery in tourism infrastructure spending and easing inflation have supported economic activity in Dominica in 2023, although high food prices continue to disrupt livelihoods of vulnerable populations....
Type: BriefReport#: 194014Date: October 1, 2024Author:
World Bank
Despite the devastation of Hurricane Beryl, Grenada’s economy is anticipated to continue growing, supported by tourism and construction. Even with greater fiscal needs for post-Beryl reconstruction efforts,...
Type: BriefReport#: 194018Date: October 1, 2024Author:
World Bank
Economic growth is projected to remain robust over the medium term, driven by strong performance in the tourism sector. However, long-standing fiscal and external imbalances, including a recent sharp decline...
Type: BriefReport#: 194064Date: October 1, 2024Author:
World Bank
The economy has stabilized with positive growth, low inflation, a steady exchange rate, and improved fiscal and external balances amid the debt service suspension. However, poverty and inequality remain...
Type: BriefReport#: 194067Date: October 1, 2024Author:
World Bank
Economic growth continues to be undermined by persistent macroeconomic instability. Despite tighter monetary and fiscal policies, the kip depreciated by 20 percent on average since the beginning of the...
Type: BriefReport#: 193972Date: October 1, 2024Author:
World Bank
GDP growth is projected to gather pace, supported by foreign direct investment inflows, a rebound in exports, and the dissipation of drought effects. Lower inflation and monetary easing should also support...
Type: BriefReport#: 194123Date: October 1, 2024Author:
World Bank
Growth is expected to moderate in 2024-2025 to an average of 5.4 percent, reflecting fiscal consolidation and subdued global demand. Reforms and slowing inflation will support private consumption and investment,...
Type: BriefReport#: 194135Date: October 1, 2024Author:
World Bank
Economic activity continues to perform well despite OPEC+ oil production cuts, driven by the expansion of nonhydrocarbon activities, notably in construction, manufacturing, and services, but fiscal revenues...
Type: BriefReport#: 194048Date: October 1, 2024Author:
World Bank
After an expected cool-off in 2023, growth accelerated but is expected to remain weak at 1.5 percent in 2024. Fiscal consolidation to comply with the Fiscal Rule and Colombia’s long-standing low productivity...
Type: BriefReport#: 194012Date: October 1, 2024Author:
World Bank
Growth remained strong in 2023 and the first quarter of 2024, bolstered by rising industrial and agricultural production, along with resilient services. Inflation has been contained, and the fiscal deficit...
Type: BriefReport#: 194088Date: 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
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
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
Growth is expected to remain robust in 2024 after a strong performance in 2023. The fiscal and external positions are projected to improve. Monetary policy tightening and lower food and energy prices supported...
Type: BriefReport#: 194119Date: October 1, 2024Author:
World Bank
Malawi’s economic situation remains challenging. A severe drought in 2024 has exacerbated macroeconomic imbalances and added to successive poor harvests and high food prices. Food insecurity is hindering...
Type: BriefReport#: 194117Date: October 1, 2024Author:
World Bank
Plastic pollution is a significant global issue impacting ecosystems, livelihoods, and human health, prompting international efforts to create a legally binding instrument known as the Plastic Treaty....
In Kiribati a large pre-election increase in public sector wages will support growth. In Tuvalu, development priorities are being shaped by the 2024 Falepili Union Treaty, which allows Tuvaluans to emigrate...
Type: BriefReport#: 193968Date: October 1, 2024Author:
World Bank
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
Economic growth rose to 5.3 percent in FY23/24 and is projected to increase further in the short to medium term due to the commissioning of new hydropower plants and recovery of the tourism sector. Fiscal...
Type: BriefReport#: 194062Date: October 1, 2024Author:
World Bank
Albania, a small upper-middle-income country aspiring to join the European Union, has made significant strides in reducing poverty and in narrowing its income gap with the EU. However, energy poverty remains...
Type: Country Climate and Development ReportReport#: 194438Date: October 1, 2024Author:
World Bank
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