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Maldives expected to remain fastest growing economy in the region: World Bank

The World Bank has stated that the Maldives is expected to remain the fastest-growing economy in the South Asian region.

In their Global Economic Prospects published in January 2023 that examines global economic developments and prospects, the World Bank stated that growth in the Maldives is expected to moderate to 8.2 percent in 2023, which is below previous projections. The previous projections were at 12.4 percent, coming off the heels of a post-pandemic boost.

They however added that Maldives is expected to remain the fastest-growing economy in the region, benefiting from an increase in tourist arrivals and infrastructure investments.