After two consecutive years of virtual stagnation, CAR’s economy is estimated to have recorded zero growth in 2022 and is projected to grow at an average rate of 3.6 percent in 2023-25, allowing per capita...
Type: BriefReport#: 181353Date: April 1, 2023Author:
World Bank
In Bhutan, output is estimated to have grown by 4.3 percent in FY21-22, after two years of economic contraction. The COVID-19 pandemic and Russia’s invasion of Ukraine resulted in a significant deterioration...
Type: BriefReport#: 181426Date: April 1, 2023Author:
World Bank
The World Bank Group’s collaborations with the humanitarian and development partners on food and nutrition security have culminated in the establishment of the Global Alliance for Food Security (GAFS)....
Type: BriefReport#: 182181Date: April 1, 2023Author:
World Bank
Growth in 2023 is projected to decelerate due to a global economic slowdown, still high inflation and the lagged effect of monetary tightening. Despite the improved fiscal accounts in 2022, fiscal risks...
Type: BriefReport#: 181297Date: 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
Recent shocks undermined Cameroon’s real GDP growth in 2022 and fueled inflation, with adverse consequences on poverty. The medium-term outlook shows reduced fiscal and current account deficits, with growth...
Type: BriefReport#: 181352Date: April 1, 2023Author:
World Bank
Growth rebounded to 15 percent in 2022, with real per capita incomes surpassing pre-pandemic levels, driven by the recovery of tourism. Russia’s invasion of Ukraine intensified inflation pressures, which...
Type: BriefReport#: 181351Date: April 1, 2023Author:
World Bank
Jamaica’s economy continues to recover from the record contraction of 2020. A track record of policy and institutional reforms to strengthen macroeconomic management in recent years allowed the government...
Type: BriefReport#: 181312Date: April 1, 2023Author:
World Bank
GDP growth slowed to an estimated 0.4 percent in 2022, partly reflecting the impact of inflationary pressures on domestic demand and weak performance in agriculture. The fiscal deficit increased between...
Type: BriefReport#: 181361Date: April 1, 2023Author:
World Bank
Liberia’s economy grew by 4.8 percent in 2022, following a strong rebound in 2021. Growth is expected to slow to 4.3 percent in 2023, reflecting global slowdown and uncertainties surrounding Russia’s invasion...
Type: BriefReport#: 181371Date: April 1, 2023Author:
World Bank
Growth slowed to 4.2 percent in 2022, from 6.5 percent in 2021, alongside soaring food and energy prices stemming from Russia’s invasion of Ukraine. The fiscal deficit and debt levels remained elevated,...
Type: BriefReport#: 181383Date: April 1, 2023Author:
World Bank
Romania’s economic growth was robust in 2022 at 4.8 percent, driven by strong private consumption and a pick-up in investment. Economic prospects are moderated by the spillovers from Russia’s invasion...
Type: BriefReport#: 181325Date: April 1, 2023Author:
World Bank
Uganda’s economy is expected to grow above 5 percent in FY23, as investment picks momentum, supported by lower inflationary pressures and easier monetary policy. Reducing the fiscal deficit to 3.5 percent...
Type: BriefReport#: 181392Date: April 1, 2023Author:
World Bank
Sierra Leone’s post-pandemic recovery was disrupted by concurrent domestic and external shocks, as global spillovers from Russia’s invasion of Ukraine exacerbated existing macro-fiscal vulnerabilities....
Type: BriefReport#: 181385Date: April 1, 2023Author:
World Bank
The October 2021 military takeover weakened domestic activity, slowing progress toward debt relief as part of the heavily indebted poor countries initiative. Despite food insecurity, floods, higher input...
Type: BriefReport#: 181389Date: April 1, 2023Author:
World Bank
Growth is expected to decelerate to 4.7 percent in 2023 from 8.3 percent in 2022, negatively impacted by lower global demand. Inflation will begin to ease after reaching 10.8 percent in 2022, the highest...
Type: BriefReport#: 181376Date: April 1, 2023Author:
World Bank
Growth resumed in 2022 following COVID-19 and volcanic disruptions in 2020 and 2021. Tourism is performing well. Still, poverty is expected to have remained above its pre-pandemic level. After several...
Type: BriefReport#: 181319Date: April 1, 2023Author:
World Bank
The United Arab Emirate (UAE’s) post-pandemic rebound continued strongly in 2022 supported by domestic and global oil demand. Growth is projected to slow in 2023 to reflect global economic downturn and...
Type: BriefReport#: 181437Date: April 1, 2023Author:
World Bank
Syria’s real gross domestic product (GDP) contraction is projected to widen by 2.3 percentage points to 5.5 percent in 2023 as a result of the devastating earthquake that affected significant parts of...
Type: BriefReport#: 181435Date: April 1, 2023Author:
World Bank
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