Since October 2023, and as a direct
spillover of the conflict in the Middle East, military
confrontation on the southern border with Israel has been
escalating, adding...
Type: BriefReport#: 194045Date: October 1, 2024Author:
World Bank
Economic growth is moderating after the
rebound in the oil sector in 2023, but recent growth in the
non-oil sector has reduced unemployment to a record low and
tighter...
Type: BriefReport#: 194041Date: October 1, 2024Author:
World Bank
Sudan’s humanitarian crisis
has worsened with famine, widespread infrastructure
destruction, trade disruptions, and 12 million displaced due
to the conflict....
Type: BriefReport#: 194133Date: 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...
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...
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...
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...
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...
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...
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....
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...
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....
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...
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...
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...
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...
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...
Type: BriefReport#: 194127Date: 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...
Type: BriefReport#: 194006Date: October 1, 2024Author:
World Bank
The United Arab Emirates (UAE) maintains
its status as a key regional hub for trade, finance, and
tourism, supported by significant progress in economic
diversification...
Type: BriefReport#: 194055Date: October 1, 2024Author:
World Bank
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