Economic Gloom Deepens as Poverty Rises Amid Slow Growth and Ballooning Debt
• Population grew 30% over past decade while economy expanded less than 3%
• Poverty and economic distress rising, with 74% of adults now severely financially distressed
• Debt levels ballooning, with over 30% of government spending going to debt service
• World Bank warns of dire consequences if economic reforms like fuel subsidy removal are aborted
• 85% of adults now battling liquidity issues or unable to cover monthly expenses