The International Monetary Fund (IMF) said that notwithstanding the pickup in growth, continued efforts to address water scarcity and enhance governance are essential to bolster Morocco’s growth.
Browsing: PIB
The country’s economy grew last year compared to 2021, mainly driven by services and industry. Agriculture was down.
After a mission to the country, International Monetary Fund staff assessed the Lebanese economic situation and pointed out actions that could bring an upturn.
According to an IMF report, about 80% of the target population had been at least partially vaccinated and over 70% fully vaccinated as of mid-September 2021.
The Gross Domestic Product of non-oil activities grew 5.7% in the first quarter of 2021. In the same period, total GDP fell.
The World Bank projects that the country’s economy will contract further, on the back of a 20.3% contraction in 2020.
The Ministry of Economy said this Wednesday (17) that it is sticking by its 2021 GDP growth forecast. Whole-year inflation expectation was revised up on the back of food prices.
An index from the Brazilian Central Bank shows activity picking up in January 2021 from December 2020 and slowing down year-on-year in January.
Fund predicts that global GDP will grow by 3% this year and 3.4% in 2020. Brazil and Saudi Arabia may see a recovery next year.
Institution predicts a 0.9% growth for Brazil’s GDP this year from a previous 0.8% estimate.
Financial institutions estimate that Selic will slid from 6% to 5% by the end of the year.
