Somalia’s economy is forecasted to grow at 3.1% in 2023, up from 2.4% in 2022, driven by favorable weather and government policy reforms. The growth outlook remains cautious, expected at 3.7% in 2024 and 3.9% in 2025, with risks from climate and global economic factors. Meanwhile, inflation eased for the second month to 4.8% YoY in May, the lowest since September 2021.