Somalia's economy projected to grow 3.1% in 2023 due to improved weather and policy reforms.
Somalia's economy is projected to grow 3.1% in 2023, rebounding from 2.4% in 2022, driven by improved weather conditions and government policy reforms. The Federal Government of Somalia maintains fiscal stability amid risks including climate shocks, security threats, and global economic shocks. Inflationary pressures ease due to declining food prices, improving weather, and global commodity prices.
June 20, 2024
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