Timor-Leste’s Economy Returns to Growth but Country Needs New Engine of Growth for Sustainable Future, New World Bank Report Says

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Dili  –Timor-Leste’s non-oil economy is projected to expand 3.0 percent in 2022, underpinned by a significant increase in government spending and investment, as well as rebounding private consumption supported by the gradual opening of borders. Increasing prices of food, fuel and electricity driven by the war in Ukraine could be long-lasting and may impact future […]