The International Monetary Fund released a funding tranche to the country and lowered its inflation forecast after analyzing the local economy. The institution estimates Comoros’ GDP will grow more in 2026 than in 2025.
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Between January and November, 3.56 million foreign visitors and Syrian expatriates traveled to the Arab country, according to the Ministry of Tourism.
The International Monetary Fund says economic diversification beyond oil will only come with the adoption of structural reforms. The institution projects GDP growth of 2.6% this year and 3.8% in 2026.
Growth was recorded in the third quarter compared to the same period last year. Over the 12 months through September, expansion reached 10.8%, according to the Brazilian Franchising Association (ABF).
The outlook for this year points to expansion with controlled inflation, even amid rising domestic demand in the North African country.
At the Arab-Brazilian Chamber, BTG Pactual’s chief economist, Mansueto Almeida, analyzed the global scenario and highlights concerns about Brazil’s fiscal sector. Angela Martins, CEO for Latin America at First Abu Dhabi Bank, shared Arab investors’ perspective on the country.
The International Monetary Fund (IMF) reports that the country has adopted economic measures that foster growth beyond the oil sector.
The International Monetary Fund praises the country’s economic policy management and economic resilience but warns about regional instabilities and climate challenges.
Revenues during the first half of 2024 reached USD 6.6 billion, according to the Arab country’s Ministry of Tourism.
The central bank bumped its 2024 economic growth forecast despite the historic floods in Brazil’s southernmost state of Rio Grande do Sul that caused a significant downturn.
According to the IMF, recovery was supported by the 2022 peace agreement in Ethiopia, which generated a significant expansion in port activities, train traffic, construction, and energy production.
After a visit to the country and discussions with Kuwaiti authorities, the International Monetary Fund says the economy is projected to contract by 1.4% in 2024.
All sectors of the economy grew last year, particularly agriculture, which posted a 15.1% expansion from 2022.
This year’s GDP projections are based on the World Economic Outlook review, which also estimated 1.7% growth for Brazil.
