Sri Lanka, April 2 -- Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka.
But persistent structural challenges threaten to undermine sustained growth, hindering the region's ability to create jobs and respond to climate shocks, says the World Bank in its twice-a-year regional outlook.
According to Jobs for Resilience, the latest South Asia Development Update released today, South Asia is expected to remain the fastest-growing region in the world for the next two years, with growth projected to be 6.1% in 2025.
But this strong outlook is deceptive, says the report. For most countries, growth is still below pre-pandemic levels and is reliant...