Sat, 26 Apr 2025
|DHIVEHI
World Bank forecasts 5.7% economic growth for Maldives
26 Apr 2025
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World Bank
The Maldivian economy is forecast to grow by 5.7 percent in 2025, despite current economic challenges.
According to the "Maldives Development Update" report released by the World Bank on April 23, this growth is linked to the operation of the new terminal at Velana International Airport (VIA), expected to open mid-year. Analysts project this development will increase tourist arrivals, driving the 5.7 percent economic growth.
This projection exceeds the growth rate forecast for 2025 in the September 2024 report, primarily due to anticipated expansion in tourism, construction, and fisheries sectors.
The report further notes that global economic factors—including commodity price fluctuations, increased inflation, geopolitical tensions, and trade disruptions—will impact the Maldivian economy.
The World Bank expect major economies such as China and Europe to slow down in the medium term, cautioning that these global economic shifts will affect the Maldives' economic performance.
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