Madagascar Economic Update, February 2025
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Washington, DC: World Bank
Resumen
Descripción
Madagascar’s economy is recovering but
remains uneven. Growth is estimated at 4.2
percent in 2024. Several sectors in the economy
have yet to return to their pre-2020 output
levels. The services sector has driven growth
on the supply side, especially tourism-related
sectors and telecommunications. Following
reforms to improve the business climate,
private investment has become the key engine
of growth on the demand side. Stubbornly high
core inflation diminished private consumption’s
contribution to growth in 2024, and the
contribution of net exports to growth turned
negative. Meanwhile, employment-intensive
sectors such as agriculture, agrobusiness, and
textiles have struggled to recover, especially in
terms of value addition per capita.
Palabras clave
ECONOMIC GROWTH, ECONOMIC RECOVERY, SERVICES SECTOR, TOURISM-RELATED SECTORS, BUSINESS CLIMATE REFORMS
