All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
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This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
GDP growth prospects were published on “World Economic Situation and Prospects 2024” report, which also forecasts challenges for the growth of Africa as a whole.
Final installment of deal agreed in 2018 was transferred to Amman aiming to bolster Jordan’s economy.
Projections by the International Monetary Fund also estimate a deficit for 2024 due to the slowdown in economic activity and increased public spending.
According to the Fund, the North African country is expected to close the year with 9.2% inflation, pressured mainly by food prices.
The IMF mission anticipates normalization of growth one year after the strong performance resulting from the World Cup and estimates that the country’s economy could grow by 5%.
Ahmed Hachani said at a plenary session that reforms implemented by the government can help the country grow. The government aims to integrate the informal economy into the banking circuit.
The fund and local authorities agreed to a USD 1.2 billion loan. The country is expected to grow 2.6% this year.
Abdalla Shaheen took up the post as consul-general from the United Arab Emirates to São Paulo late last year. The diplomat visited the Arab Brazilian Chamber on Tuesday (24).
Egypt has announced the disbursement of USD 5 billion loans to industry and agriculture at an interest rate of 11%, down from 18%, with the state bearing the difference.
According to a study released by ApexBrasil, Qatar’s real Gross Domestic Product could grow 4.3% from last year. Rising hydrocarbon prices and the World Cup are expected to drive economic activity.
After a mission to the country, International Monetary Fund staff assessed the Lebanese economic situation and pointed out actions that could bring an upturn.
Economic growth prospects could bring opportunities to Egypt, said the Market Analysis coordinator of ApexBrasil in a webinar this Tuesday (13).
