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Growth and employment remain subdued, hampered by energy sector challenges, while inflation is still elevated. Accelerating energy reforms is critical for higher inclusive growth, although short-term adjustments may weig...
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GDP growth moderated to 5.9 percent in 2025, reflecting fiscal consolidation efforts and softening global demand. Growth is projected to narrow further to 5.0 percent in 2026, including spillovers from the Middle East, b...
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Zambia’s economy is resilient despite shocks—thanks to ongoing reforms supporting macroeconomic stability, debt sustainability, and fiscal discipline. Real GDP growth is projected to average 4.7 percent in 2026–2028, ref...
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Real GDP grew by 4.0 percent in 2025, driven by agriculture, services, and public spending. Inflation nearly doubled amid fiscal monetization, supply constraints, and fuel shortages. The parallel exchange rate premium na...
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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 is projected to decelerate to 2.3 percent in FY26 from 4.6 percent in FY25, driven by service sector disruptions linked to the September 2025 unrest, the impact of the current conflict in the Middle East, and slow...
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Growth is expected to slow to 3.5 percent in 2026 as higher fuel prices linked to the Middle East conflict curb external and domestic demand. Structural imbalances limit the economy’s ability to absorb external shocks, s...
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Libya faces persistent political fragmentation and weak fiscal discipline, with the lack of a unified budget undermining stability and depleting reserves. Nevertheless, economic performance in 2025 was strong, underpinne...
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Growth picked up to 3.6 percent in 2025 largely driven by mining offsetting the structural decline in logging. Global economic headwinds are expected to dampen growth in 2026. Without mining governance and tax reforms, r...
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Ecuador’s structural challenges include low growth, low quality employment, and fiscal accounts heavily dependent on oil revenues. Near-term priorities center on preserving fiscal sustainability, addressing power shortag...
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The conflict in the Middle East has led to a significant disruption in economic activity and a sizable loss in oil revenues, adding to fiscal and external account strains and raising food security challenges. These chall...
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Cameroon’s growth slowed to 3.2 percent in 2025 amidst post-election unrest, with poverty remaining unchanged at just over 28 percent. Revenue dropped, widening the deficit to 2.2 percent of GDP, with public debt at 43.8...
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Eswatini’s GDP growth is expected to edge lower to 3.9 percent in 2026 amid rebounding consumption, slowing investment and unfavorable global impacts. Despite recent robust growth, fiscal pressures and high unemployment ...
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Economic activity in Pakistan gained momentum in FY26 as domestic demand strengthened. However, the conflict in the Middle East will significantly affect the growth outlook as disruptions to energy markets, and trade rou...
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Growth remained strong at 6.3 percent in 2025, supported by strong private demand, near-zero inflation, and a decade-high trade surplus. Fiscal consolidation reduced the deficit to 3.0 percent of GDP. Despite strong perf...