Argentina’s social conditions have deteriorated over the past decade. The poverty rate is low compared to countries in the region (10.9 percent in 2022 under the international poverty line of 6.85 dollars/day...
Type: BriefReport#: 196052Date: October 1, 2024Author:
World Bank
The national poverty headcount stood at 44.8 percent based on the latest budget survey conducted in 2020, before the COVID-19 pandemic. By utilizing the lower middle-income poverty line of $3.65 a day...
Type: BriefReport#: 196074Date: October 1, 2024Author:
World Bank
Ecuador’s challenging fiscal situation, compounded by natural disasters and rising insecurity linked to drug trafficking, has constrained poverty reduction in the country. By June 2024, a quarter of Ecuadorians...
Type: BriefReport#: 196079Date: October 1, 2024Author:
World Bank
In the last two decades, Morocco managed to significantly reduce poverty, consistently across national and international poverty lines. Between 2001 and 2013, Morocco experienced significant poverty reduction...
Type: BriefReport#: 196092Date: October 1, 2024Author:
World Bank
Myanmar successfully reduced poverty from 48 percent in 2005 to 25 percent in 2017. Over this period, rapid growth in manufacturing and services was associated with poverty declining more rapidly in urban...
Type: BriefReport#: 196101Date: October 1, 2024Author:
World Bank
This brief summarizes the main trends related to poverty and inequality in Latin America and the Caribbean (LAC) using the latest round of harmonized household surveys from the Socio-Economic Database...
Type: BriefReport#: 194161 Date: 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
An economic stabilization program is underway, underpinned by a strong fiscal adjustment, a correction in relative prices, and the strengthening of the Central Bank’s balance sheet while maintaining exchange...
Type: BriefReport#: 194006Date: 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
Guyana remains one of the world's fastest-growing economies following the development of its oil and gas sector. The government is implementing an ambitious investment program to transform the non-oil...
Type: BriefReport#: 194020Date: October 1, 2024Author:
World Bank
2024 GDP growth is expected to slow to 3 percent (-0.1 percent per capita) despite increased oil exports and public spending, as economic spillovers from the war in Sudan continue. Inflation will increase...
Type: BriefReport#: 194095Date: October 1, 2024Author:
World Bank
This edition of the Macro Poverty Outlooks periodical contains country-by-country forecasts and overviews for GDP, fiscal, debt and poverty indicators for the developing countries of South Asia. Macroeconomic...
Type: ReportReport#: 193965Date: October 1, 2024Author:
World Bank
Economic growth is expected to accelerate to 5.6 percent in 2024 as favorable rainfall supported agricultural production while increased tourism bolstered services. Inflation would moderately decrease...
Type: BriefReport#: 194109Date: October 1, 2024Author:
World Bank
Income per capita is expected to decline by 0.2 percent in 2024, resulting from a modest growth rate of 2.1 percent. Hence, the poverty rate is projected to slightly increase. Tax reforms are aiding domestic...
Type: BriefReport#: 194099Date: October 1, 2024Author:
World Bank
Real GDP is projected to grow by 4.6 percent in 2024, driven by higher exports and public spending financed by higher Southern African Customs Union (SACU) revenues. The fiscal deficit is projected to...
Type: BriefReport#: 194106Date: 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
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
Growth accelerated in FY24, driven by tourism, hydropower, and remittance-driven private consumption. Reduced recurrent spending lowered the fiscal deficit, while lower imports and higher remittances led...
Type: BriefReport#: 194065Date: October 1, 2024Author:
World Bank
Rwanda’s strong economic momentum continued in 2024 with 9.7 percent growth in the first quarter - led by services, manufacturing, and food production. Inflationary pressures have eased due to improvements...
Type: BriefReport#: 194126Date: October 1, 2024Author:
World Bank
Growth recovery has been modest since 2022, constrained by low energy supply, and declining external financing. It is projected at 1.1 percent in 2024 and to gradually improve in the medium-term supported...
Type: BriefReport#: 194127Date: October 1, 2024Author:
World Bank
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