Country's Economy Shows Strong Growth and Stability in April 2024

The latest economic report for April 2024 brings good news for the country's economy. The report highlights a rise in Gross Domestic Product (GDP) growth, a decrease in inflation rates, and a favorable primary balance. These positive indicators reflect the success of recent efforts in fiscal consolidation, which aim to strengthen the country's financial stability.

One of the key highlights of the report is the notable increase in the current account surplus. In April 2024, the current account surplus reached $491 million, showing a significant improvement from the $434 million recorded in March 2024. This increase indicates a healthier balance of trade and payments for the country, which is essential for sustainable economic growth.

The April 2024 economic report paints a promising picture of the country's economic performance. With rising GDP growth, lower inflation rates, and a growing current account surplus, the economy is on a positive trajectory. These developments not only reflect the effectiveness of fiscal consolidation efforts but also bode well for future economic stability and prosperity.