In its latest assessment, the World Bank predicted a contraction of GDP in Sudan by 12 percent this year due to the continuation of military actions between the parties to the conflict.
According to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA) in an update on Sudan, the World Bank predicted a contraction to this ratio "because the conflict has halted production and destroyed human capital and state capacities." Sudan's growth forecast was revised downwards by 12.5 points, as the armed conflict damaged the industrial base, educational and health facilities.
The World Bank's forecast is optimistic compared to the International Monetary Fund's forecasts during the annual autumn meeting in Marrakech, Morocco, where the Sudanese economy is likely to shrink by 18 percent by the end of 2023.
Source (Al-Arab Newspaper of London, Edited)
