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October 3, 2023
South Asia is expected to grow by 5.8% this year, according to the World Bank, making it the fastest-growing region in the world. However, analysts are worried that the current rate is unsustainable – even as growth remains below pre-pandemic levels.
October 3, 2023
The World Bank said South Asia is set to log growth higher than any other developing country region in the world this year. In the latest South Asia Development Update, the World Bank forecast South Asia to expand 5.
October 3, 2023
WASHINGTON —The Afghan economy is expected to hover around no-growth territory this year, amid uncertainty after contracting by 25% since August 2021 and adjusting to significantly lower demand, while the interim Taliban administration’s restrictive
October 3, 2023
ISLAMABAD —Pakistan’s economy slowed sharply in FY23 with real GDP estimated to have contracted by 0.6%. According to the World Bank’s latest Pakistan Development Update: Restoring Fiscal Sustainability, released today, the decline in economic activi
October 3, 2023
India, the region’s largest economy, will maintain its economic pace and likely grow 6.4% in the fiscal year ending March 2025.
October 3, 2023
Moderation in growth next year is mainly due to the fading of post-pandemic demand
October 3, 2023
Tax administration modernization strategy essential to increase revenue collection Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the...
October 3, 2023
Dhaka — Bangladesh made a strong recovery from the COVID-19 pandemic, but the post-pandemic recovery was disrupted in FY23 with rising inflation, financial sector vulnerabilities, external pressure, and global economic uncertainty, says the World Ban
October 3, 2023
South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday. The latest South Asia Development Update from the World Bank projected growth in the region to slow slightly to 5.6% in 2024 and 2025, as post-pandemic rebounds fade and reduced global demand weighs on economic activity. At almost 6% this year, the region is growing faster than all other emerging markets, said Fr...