After visiting the country earlier this month, an International Monetary Fund team sees prospects for economic improvement and agreed on technical assistance to strengthen Syria’s fiscal framework and monetary policy.
Browsing: inflation
The rise in prices compared to August was driven mainly by food. The largest decline was observed in fuel prices.
Alongside cuts in foreign aid, climate shocks will impact the country’s economy this year, says the International Monetary Fund, following a meeting to discuss a new financial disbursement.
The Brazilian government announced an exemption from import taxes for a series of food items in a bid to curb inflation. They include olive oil and sardines exported by Arab countries.
Annual price inflation fell to 12.8% in February, down from 24% in January. Vegetable prices saw an 8.2% drop, while costs for water, electricity, and gas remained stable.
The outlook for this year points to expansion with controlled inflation, even amid rising domestic demand in the North African country.
Even at a slower pace, inflation ended 2024 with a rise of 45.24%. A year earlier, prices had risen by over 200%.
The International Monetary Fund (IMF) reports that the country has adopted economic measures that foster growth beyond the oil sector.
Price increases slowed down in the final months of the year, according to data from the National Institute of Statistics.
According to an IMF report, Egypt is showing signs of recovery, with a better inflation rate and positive results of the unification of the exchange rate.
Inflation is declining, while the country cuts subsidies in a bid to battle a budget deficit.
Central Bank expects inflation to fall below year-on-year 7% in the second half of 2024 and continue to gradually ease.
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.
Two Egyptian banks have issued new savings certificates with a 25% yield after one year. The move come against a backdrop of a shortage in US dollars in the domestic market, rising inflation and devaluation of the Egyptian pound.
