South Sudan's economy contracts by 0.4 pct in FY 2022/2023: World Bank

JUBA, Dec. 6 (Xinhua) -- South Sudan's economy contracted by 0.4 percent in the fiscal year of 2022/2023, marking an improvement from the negative 2.3 percent growth in the previous year, the World Bank said in a report released here on Wednesday.

According to the World Bank's latest South Sudan Economic Monitor, the country's economy experienced stagnation in 2023 due to the enduring impacts of flooding on oil