The economy has recovered to pre-COVID level but remains below its pre-COVID trajectory. The COVID-19 crisis led to an economic contraction in 2020-21 before recovering by 5.2 percent in 2022...
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Papua New Guinea
Most economies in developing East Asia and Pacific (EAP) are growing faster than the rest of the world but slower than before the pandemic. Slowing global growth, still tight financial...
Most economies in developing East Asia and Pacific (EAP), other than several Pacific Island Countries, have recovered from the succession of shocks since 2020 and are continuing to grow...
The populations in the Pacific Island Countries (PIC) are at disproportionately higher risk of adverse consequences from global warming. Current impacts include increasing droughts and water scarcity...
The report, Benefiting from High Commodity Prices, looks at recent key developments in PNG’s economy, and places these in the longer-term global and regional context where growth is decelerating...
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Recent food price increases in the region, reinforced by food and fuel price rises related to the war in Ukraine could threaten expected progress in poverty reduction...
Reflecting a strong global economic rebound, Papua New Guinea (PNG) reversed its downward economic growth trajectory in 2021. The World Bank estimates that the PNG...
Undernutrition imposes a staggering cost worldwide, both in human and economic terms. It is responsible for the deaths of more than 3.5 million children each year (more than one-third...