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.
The Arab country’s economy is projected to sustain its 2023 growth rate this year, according to the Fund’s projections. The IMF approved a new disbursement to support Jordan’s economic development.
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.
As Muslim population and economy grow, the market focused on them thrives and drives up halal certification, experts pointed out in workshop in Dubai.
The average expected growth for the Qatari economy in 2022 is 2.8%. Estimates range from 1.6% to 3.7%.
The country’s GDP was up 7.7% in the third quarter from the second. Economist Ecio de Farias Costa, a professor at UFPE, ran a study which shows how the aid package in response to Covid-19 played a part in that, particularly in industry.
Estimate for Brazilian economic growth this year was increased from 0.9% to 1.2% after Q3 results.
GDP growth was driven by a 6.2% rise in the logistics sector. Foreign trade also had an impact.
Central Bank of Brazil revised down the country’s economic growth forecast to 0.8% from 2%.
World Bank resources will finance reforms, balance the budget, and boost growth and job creation in the country, which suffers from the high cost of energy and a large inflow of Syrian refugees.
The Bank has revised down its forecast for Brazilian GDP growth this year in 0.7 percentage point, to 1.5%.
