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Growth will recover modestly over the medium-term and remains insufficient to meaning fully improve jobs and poverty outcomes. Although poverty declined by about 6 percentage points since 2014, close to 60 percent of Sou...
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Real GDP growth stood at 4.5 percent in 2025, driven by strong gold exports and improved fuel availability. Election-related expenses widened the primary fiscal deficit to 4.6 percent, raising debt. High debt service, li...
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In 2025, GDP growth is estimated at 6.7 percent, driven by new oil and gas production and agriculture. Low inflation at 1.4 percent and the rebound in agriculture are estimated to have reduced poverty to 36.2 percent. Th...
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Real output grew 5.6 percent in 2025, supported by both the resource and non-resource sectors. Fiscal consolidation continued, helping to reduce public debt. Yet, many households still face rising prices and hardship. De...
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Growth remained strong in 2025 at 3.2 percent, driven by construction, forestry, and robust private consumption amid low inflation and an accommodative monetary policy. Recent global developments may dampen growth in 202...
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The economy faces risks from its high exposure to the conflict in the Middle East, with adverse effects on tourism, energy exports, and investment sentiment. Bahrain's combination of small size and geographic proximity t...
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The economy has been severely affected by conflict in the Middle East, with large spillovers to hydrocarbons, tourism, aviation, trade, and logistics. Prior to the conflict, growth was strong, supported by robust non-hyd...
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Mongolia’s economy grew at 6.9 percent in 2025, driven by a surge in copper production and an agricultural rebound. Weaker coal prices, however, limited fiscal gains. Inflation remained above the central bank’s target, a...
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This statement, delivered by Mohammed A. AlJadaan, Minister of Finance of the Kingdom of Saudi Arabia, to the 113th Meeting of the Development Committee on April 16, 2026, addresses the far‑reaching global economic conse...
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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 Sub-Saharan Africa region. Macroecono...
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Growth is projected to remain weak, averaging about 1.5 percent over 2026–28, amid heightened geopolitical uncertainty, higher and more volatile oil prices, and declining aid. These headwinds are expected to be partly of...
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The economy has been severely affected by conflict in the Middle East, with large spillovers to hydrocarbons, tourism, aviation, trade, and logistics. Prior to the conflict, growth was strong, supported by robust non-hyd...
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Growth weakened in 2025, hampered by oil-sector constraints. Inflation eased and the exchange rate remained stable, allowing monetary policy easing. Job creation remained limited. External and fiscal balances weakened. M...
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Growth accelerated to 8.1 percent in FY24/25, driven by new hydropower projects and tourism recovery, but youth unemployment remained high at 20.6 percent. The fiscal deficit widened to 2.6 percent of GDP, and the curren...
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Uzbekistan’s economy grew 7.7 percent in 2025, driven by export recovery and private consumption. Growth was pro poor, with national poverty falling from 8.9 percent in 2024 to 5.8 percent in 2025. GDP growth is projecte...