Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. …
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 the South Asia region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as …
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 the Sub-Saharan Africa region. Macroeconomic indicators such as population, gross domestic product and gross domestic product per capita, and where available, other indicators such as …
A mounting global water crisis threatens $58 trillion in economic value, food security and sustainability, according to this new report by the World Wide Fund for Nature (WWF). Water, the world's most precious yet undervalued resource, lies at the heart of a mounting global crisis that threatens both human and …
Oil windfalls during the 2000s were largely squandered, with Sudan failing to build the foundations of a non-oil economy. As part of the sanctions, the country was designated as a state sponsor of terrorism (SST), which restricted foreign assistance and debt reduction, resulted in isolation from the global financial system, …
The Republic of Congo (RoC) CCDR is a new World Bank core diagnostic report that integrate climate change and development considerations. It is intended to help the country prioritize the most impactful actions that can boost adaptation and reduce greenhouse gas (GHG) emissions, while delivering on broader development goals. The …
Growth in Sub-Saharan Africa is expected to slow to 2.5 percent in 2023 from 3.6 percent in 2022. It is projected to increase to 3.7 percent in 2024 and 4.1 percent in 2025. However, in per capita terms, the region is projected to slightly contract over 2015-2025. The region faces …
India continues to show resilience against the backdrop of a challenging global environment, according to World Bank’s latest India Development Update (IDU). The IDU, the Bank’s flagship half yearly report on the Indian economy, observes that despite significant global challenges, India was one of the fastest-growing major economies in FY22/23 …
At just under 6 percent, South Asia is expected to grow faster than any other developing country region this year—but slower than its pre-pandemic pace and not fast enough to meet its development goals. The region faces many risks to this outlook, including due to fragile fiscal positions created by …
The 2023 edition of the Global Innovation Index (GII) takes the pulse of global innovation trends against the background of an economic environment fraught with uncertainty. It reveals the ranking of this year’s most innovative economies in the world amongst 132 economies and localizes the top 100 science and technology …
This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions …
This publication shows that carbon prices exceeding US$ 20 per ton of CO2 captured by the natural regeneration of deforested areas in the Amazon would be truly transformative for the region’s landscape. Offsets for captured carbon would ensure forest integrity, inducing extensive forest restoration and the capture of 16 Gt …
After improving between 2000 and 2013, hunger levels have significantly worsened in Africa in the years since. While global food insecurity is currently at an all-time high, Africa's record in addressing undernutrition was not impressive even in the pre-pandemic era when growth rates were higher. There are several challenges to …
Central Africa achieved real GDP growth of 5.0 percent in 2022, compared with 3.4 percent in 2021. The rebound in economic activity was driven by favourable prices for raw materials, in a region that is home to net exporters of crude oil, minerals and other commodities. The region’s growth rate …
This report relies on several data sources. The main source providing the poverty, inequality and labor figures herein is the 2019/20 Household Budget Survey (Inquérito sobre Orçamento Familiar, IOF2019/2020) conducted by the National Statistical Institute (Instituto Nacional de Estatística, INE) starting in November 2019 and spanning 13 months. The survey’s …
To reduce greenhouse gas emissions to net zero by 2050, we need to bring the right technologies to commercial scale within the next decade. This is especially the case for seven of the hardest-to-abate sectors – aluminium, aviation, chemicals, concrete, shipping, steel and trucking – responsible for more than one-third …
The African Development Bank’s East Africa Economic Outlook 2023 reviews the economic performance of 13 Eastern African countries over the past year. The countries are Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Rwanda, Seychelles, Somalia, South Sudan, Sudan, Tanzania, and Uganda. It provides key economic trends in the East Africa region …
West Africa experienced slower economic growth over the past year except for Cabo Verde, The Gambia, Guinea, Mali, and Niger, according to the African Development Bank’s 2023 West Africa Economic Outlook report. The report assessed the economic performance of 15 West African countries, namely: Benin, Burkina Faso, Cabo Verde, Côte …
North African countries are projected to see a slight increase in economic growth to 4.6 percent in 2023 and 4.4 percent in 2024, and should make green growth an urgent priority, according to the African Development Bank. According to the Bank Group, growth in the region is essentially driven by …
The Asia-Pacific region has a narrow window to increase its resilience and protect its hard-won development gains from the socioeconomic impacts of climate change, according to this latest report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). In the absence of immediate action, temperature …
The Gambia’s economy continued to recover in 2022, albeit at a subdued pace in a sluggish global economic environment. Real GDP increased by 4.3 percent (1.8 percent in per capita terms) in 2022, unchanged from 2021, when economic growth was recovering from the COVID-19 pandemic following a sharp deceleration to …
