Madagascar Economic Update, February 2025

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dc.creatorWorld Bank
dc.date2025-03-17T13:17:56Z
dc.date2025-03-17T13:17:56Z
dc.date2025-03-17
dc.date.accessioned2026-07-01T00:31:52Z
dc.descriptionMadagascar’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.
dc.formatapplication/pdf
dc.formattext/plain
dc.formatapplication/pdf
dc.identifierhttp://documents.worldbank.org/curated/en/099022425145522481
dc.identifierhttps://hdl.handle.net/10986/42955
dc.identifier10.1596/42955
dc.identifier.urihttp://hdl.handle.net/123456789/405420
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rightshttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.rightsWorld Bank
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RECOVERY
dc.subjectSERVICES SECTOR
dc.subjectTOURISM-RELATED SECTORS
dc.subjectBUSINESS CLIMATE REFORMS
dc.titleMadagascar Economic Update, February 2025
dc.titleBridging the Productivity Divide
dc.typeReport

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