Yemen has been embroiled in conflict since early 2015. For years the poorest country in MENA, it is now also suffering the worst humanitarian crisis in the world. Fighting has devastated its economy¡ªleading to food insecurity verging on famine¡ªand destroyed critical infrastructure.
This newly released report highlights the critical need for climate-responsive investments to tackle urgent challenges, while considering the conflict-affected and fragile conditions in the country.
Yemen¡¯s GDP is projected to contract by 1 percent in 2024, following a 2 percent decline in 2023, exacerbating the 54 percent drop in real GDP per capita since 2015.
Amidst war and climate challenges, a comprehensive project tackles food insecurity and malnutrition through cash transfers, infrastructure development, and sustainable agriculture.
The MENA region is expected to grow at 2.2% in 2024, yet the outlook remains subdued amid heightened uncertainty. This edition also includes an update on the economic impacts of the conflict in the Middle East.
Yemen's GDP is projected to contract by 1.0% in 2024, following a 2.0% contraction in 2023 and a modest growth of 1.5% in 2022. Between 2015 and 2023, Yemen experienced a 54% decline in real GDP per capita, leaving the ...
According to the report, MENA economies are expected to return to low growth akin to the decade prior to the pandemic. MENA¡¯s gross domestic product (GDP) is forecast to rise to 2.7% in 2024, which is a tepid increase ...
Employment in countries in the Middle East and North Africa (MENA) has grown one percent per year on average within private sector firms, which is much lower than the five percent average among other middle-income peers. ...
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