The Moldovan economy has been severely affected by Russia’s invasion of Ukraine and a surge in inflation. GDP have contracted by 5.9 percent and inflation to have reached an average of 28.7 percent in...
Type: BriefReport#: 181281Date: April 1, 2023Author:
World Bank
Suriname’s economy started to recover in 2022 after two years of contraction. Significant challenges remain as the government tackles severe macroeconomic imbalances that built up due to volatility in...
Type: BriefReport#: 181320Date: April 1, 2023Author:
World Bank
In Georgia, growth is estimated at 10.1 percent in 2022 due to strong money inflows from Russia and recovery in tourism and investment. As a result, employment recovered and poverty continued to fall....
Type: BriefReport#: 181275Date: April 1, 2023Author:
World Bank
Growth is expected to slow amid lower levels of external financing and diminished macroeconomic buffers. Bolivia would benefit from setting a medium-term strategy to address fiscal and external imbalances,...
Type: BriefReport#: 181296Date: April 1, 2023Author:
World Bank
Poland’s GDP grew by 4.9 percent in 2022 but high inflation, policy uncertainties, tighter financing conditions, and an unwinding of the inventory cycle will weigh on growth in 2023. The Russian invasion...
Type: BriefReport#: 181324Date: April 1, 2023Author:
World Bank
Uzbekistan’s economy grew by 5.7 percent in 2022, which is better than expected, largely supported by strong remittances and exports. Fiscal consolidation is continuing, albeit on a more gradual trajectory...
Type: BriefReport#: 181331Date: April 1, 2023Author:
World Bank
Growth accelerated in 2022 due to increased oil production and higher oil prices allowing for an expansive fiscal stance in an election year. With an appreciating currency and food prices easing, inflation...
Type: BriefReport#: 181346Date: April 1, 2023Author:
World Bank
Despite an external debt restructuring in 2021, public debt remains high at 72.8 percent of GDP in 2022. Belize experienced a sound economic rebound, fueled by increased tourism arrivals and tourism-related...
Type: BriefReport#: 181295Date: April 1, 2023Author:
World Bank
Honduras's economy expanded robustly in 2022, supported by remittance-fueled private consumption and private investment. GDP growth is expected to moderate in the near term amid a tempering of global demand...
Type: BriefReport#: 181311Date: April 1, 2023Author:
World Bank
In Georgia, growth is estimated at 10.1 percent in 2022 due to strong money inflows from Russia and recovery in tourism and investment. As a result, employment recovered and poverty continued to fall....
Type: BriefReport#: 181275Date: April 1, 2023Author:
World Bank
Russia's economy contracted by only 2.1 percent in 2022, in the face of severe sanctions, and is expected to contract by a further 0.2 percent in 2023. Sanctions will lower oil production, reducing the...
Type: BriefReport#: 181326Date: April 1, 2023Author:
World Bank
The recovery is well underway owing to strong domestic pent-up demand following the reopening. However, fiscal, and monetary policy space has narrowed in recent years amid the pandemic and as global conditions...
Type: BriefReport#: 181339Date: April 1, 2023Author:
World Bank
Kuwait’s economy is expected to slow down in 2023, after performing strongly in 2022, and stabilize over the medium term. The projected economic slowdown is driven by the sluggish global economic activity...
Type: BriefReport#: 181417Date: April 1, 2023Author:
World Bank
Honduras's economy expanded robustly in 2022, supported by remittance-fueled private consumption and private investment. GDP growth is expected to moderate in the near term amid a tempering of global demand...
Type: BriefReport#: 181311Date: April 1, 2023Author:
World Bank
DRC’s economy grew by 8.6 percent in 2022 as mining production expanded. Elevated prices of imported food and oil led to higher inflation and a wider current account deficit despite rising exports. Capital...
Type: BriefReport#: 181356Date: April 1, 2023Author:
World Bank
Growth remained strong in 2022 helped by a recovery in tourism, supporting robust fiscal results. As in other small open economies, a slowdown in external demand and further tightening of financing conditions...
Type: BriefReport#: 181301Date: April 1, 2023Author:
World Bank
Dominica’s economy continues to perform well as tourism rebounds following its abrupt stop in 2020. Nonetheless, poverty is expected to remain elevated compared to pre-COVID-19 levels due to the impact...
Type: BriefReport#: 181302Date: April 1, 2023Author:
World Bank
GDP grew 4.9 percent in 2022 fueled by a recovery in tourism but is expected to cool down in 2023.TheCentral Bank proactively increased its monetary policy rate in 2022 to 8.5 percent in response to rising...
Type: BriefReport#: 181303Date: April 1, 2023Author:
World Bank
Tunisia’s economic outlook remains highly uncertain. After a moderate economic rebound in 2021, the economy slowed down in 2022 amid rising global energy and food prices. The price rally has aggravated...
Type: BriefReport#: 181436Date: April 1, 2023Author:
World Bank
The economies of Kiribati and Tuvalu are expected to recover in 2023 after the border closures of 2022. In Nauru, however, growth is expected to moderate due to changes to its Regional Processing Centre....
Type: BriefReport#: 181291Date: April 1, 2023Author:
World Bank
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