This is a statement by Mathias Cormann at the 110th Meeting of the Development Committee held on October 25, 2024. The global economy is starting to turn the corner, with declining inflation and robust...
The economy sustained its gradual recovery, buoyed by strong private consumption and improving goods exports but hampered by contracting manufacturing production. The economy is projected to grow 2.5 percent...
Real GDP growth decreased to an estimated 1.9 percent in FY23, the lowest rate since FY20 and substantially below the 10-year average growth rate. Monetary tightening and the effects of import restrictions...
Economic activity in Uganda is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak. Real GDP growth is estimated...
The Philippine economy outperformed its regional peers, expanding by 6.4 percent in the first quarter of 2023. The continued release of pent-up demand as well as recovering labor market, steady remittances...
L’économie de la République centrafricaine (RCA) a stagné en 2021 par rapport à 2020. L’insécurité et les perturbations des chaînes d’approvisionnement ont fait grimper l’inflation au-dessus du plafond...
Headline inflation inched down marginally, although food prices remain persistently high, while core inflation continued to accelerate. Merchandise exports declined in January, amid a weak, yet improving...
Headline inflation rose to a new 14-year high in December, driven by higher food prices. Core inflation continued to rise, underscoring existing price pressures and the release of pent-up demand. Despite...
Growth accelerated to 4.5 percent in the third quarter of 2022 fueled by resurgent private consumption and strong tourism inflows. As a result, output surpassed its pre-pandemic level earlier than expected...
Selon les prévisions des économistes de la Banque mondiale, la région MENA devrait connaître une croissance de 5,5 % en 2022 (son taux le plus élevé depuis 2016) et de 3,5 % en 2023. Cette moyenne régionale...
Headline inflation accelerated in September driven by higher food and energy prices. In addition, core inflation remained elevated, indicating continuing price pressures and strong domestic demand. Robust...
Food price inflation has increased persistently in recent years in Turkey with a widening divergence from international food price inflation. The study analyzes the main inefficiencies in the Turkish agricultural...
Given rising inflation, governments around the world may be considering price controls. While inefficient in most cases and often costly, price controls may be warranted under certain circumstances to...
This report discusses the remarks delivered by World Bank Group President David Malpass at the spring meetings 2022 media roundtable opening. He discusses on Coronavirus disease 2019 (COVID-19), inflation...
On May 31, 2007, output growth gained further pace across the 10 new European Union member states in 2006, but is likely to slow down in 2007, according to the latest World Bank EU8+2 Regular Economic...
On January 25, 2007, output growth gained further pace across the region in 2006 but is likely to moderate slightly in 2007, according to the World Bank’s latest EU8+2 (Includes Bulgaria, Czech Republic...