Ghana’s macroeconomic performance improved in 2017 after a difficult 2016. The country’s economy expanded for the fifth successive quarter in September 2017, at a rate almost double that of 2016, according to a World Bank report released today.
Many of you asked if I could explain how Russia’s economy would fare in 2018, specifically what would be the impact of the March presidential elections and the June/July FIFA World Cup.
Latin America and the Caribbean growing again after last year’s contraction
With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
The World Bank supports Tanzania’s growth through policy analysis, grants and credits with focus on private sector and infrastructure.
According to Taking Stock, the World Bank’s latest economic update for Vietnam, recent growth was driven by a cyclical increase in global demand as well as a recovery in investment from FDI and private sector, and an ongoing shift of labor away from agriculture.
The World Bank Group aims to help Ghana sustain economic growth, surpass the goal of halving poverty by 2015, and maintain its middle income status.
Jordan’s economy remains sluggish as growth slowed down in 2016 for the second year in a row — to an estimated 2 percent from 2.4 percent in 2015 — as geopolitical repercussions take a toll and as reflected in worsening labor market indicators.
Russia’s economy emerged from recession to recovery in 2017, with GDP expanding by 1.5% year-on-year. Deepening macroeconomic stability, firming energy prices, and a recovering global economy contributed to the return to growth.
Syria’s GDP is expected to decline further by 12 percent in 2015 and 4 percent in 2016. The decline in GDP growth was in part attributed to a sharp decline in oil production.