The economies of Samoa, Tonga, and Vanuatu have been hit by multiple shocks, including natural disasters and the COVID-19 pandemic. Travel restrictions hit tourism-related activity with negative spillovers...
Type: BriefReport#: 181341Date: April 1, 2023Author:
World Bank
Cambodia’s economy continued to recover in 2022. The recovery of the services sector is strengthening, driven largely by pent-up consumer demand. Economic growth for 2023 is projected to reach 5.2 percent,...
Type: BriefReport#: 181290Date: April 1, 2023Author:
World Bank
The economy rebounded in 2022 on the back of rising public consumption and investment as well as release of pent-up demand. The re-opening of the economy has also supported a rise in the employment rate,...
Type: BriefReport#: 181343Date: April 1, 2023Author:
World Bank
An oil-driven recovery in 2022 drove gross domestic product (GDP) to pre-pandemic levels and led to significant fiscal and current account surpluses. The recent exchange rate volatility has led to an uptick...
Type: BriefReport#: 181415Date: April 1, 2023Author:
World Bank
Kenya’s recovery remains strong despite multiple shocks, but high inflation and prolonged drought slowed down poverty reduction. Growth is projected to remain above pre-covid average. Fiscal consolidation...
Type: BriefReport#: 181369Date: 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
Botswana’s economy grew strongly, by 6.5 percent in 2022 supported by favorable external demand for diamonds. Growth is expected to slow and average 4.0 percent over 2023-25. The outlook relies on robust...
Type: BriefReport#: 181348Date: April 1, 2023Author:
World Bank
Ghana is in a deep macroeconomic crisis. Public debt is being restructured to restore fiscal and debt sustainability, growth has slowed down considerably, inflation is exceptionally high, the cedi has...
Type: BriefReport#: 181366Date: April 1, 2023Author:
World Bank
Real GDP growth is expected to slow to 1.5 percent in 2023 due to continued policy tightening and external headwinds, converging to 2.0 percent by 2025.Mexico faces risks of more persistent inflation,...
Type: BriefReport#: 181313Date: April 1, 2023Author:
World Bank
Real GDP growth is expected to slow to 1.5 percent in 2023 due to continued policy tightening and external headwinds, converging to 2.0 percent by 2025.Mexico faces risks of more persistent inflation,...
Type: BriefReport#: 181313Date: April 1, 2023Author:
World Bank
Gabon’s economy rebounded in 2022, supported by good performances in sectors such as oil, manganese, and wood. High commodity prices contributed to fiscal and current account surpluses, and to a declining...
Type: BriefReport#: 181363Date: April 1, 2023Author:
World Bank
Challenges in agriculture, mining, and construction slowed economic growth to 3.9 percent in 2022 after the post-pandemic rebound in 2021. Strong momentum in services, continued government commitment to...
Type: BriefReport#: 181393Date: April 1, 2023Author:
World Bank
In North Macedonia, despite brisk post-pandemic recovery, the energy crisis depressed growth and pushed inflation to a two-decade high, stretching public finances amidst a rise in borrowing costs. Government...
Type: BriefReport#: 181283Date: 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
STP has faced severe macroeconomic imbalances. Growth stagnated amid successive shocks, most recently the impact of Russia’s invasion of Ukraine, and recurrent energy crisis. Inflation spiked to 25 percent...
Type: BriefReport#: 181382Date: April 1, 2023Author:
World Bank
Rwanda’s economy has shown some resilience in 2022 growing about 8 percent, mainly driven by the recovery in tourism related sectors. However, high inflation pressures posed some risks to vulnerable households....
Type: BriefReport#: 181381Date: 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
With lower agricultural output, erratic electricity supply, forex shortages affecting importation of raw materials and high global commodity prices, GDP growth declined to 0.9 percent in 2022. Economic...
Type: BriefReport#: 181373Date: April 1, 2023Author:
World Bank
Tanzania’s economy has maintained its growth momentum, expanding by 4.6 percent in 2022, up from 4.3 percent in 2021. GDP per capita rose by 1.4 percent in 2022 and the international poverty rate dropped...
Type: BriefReport#: 181390Date: April 1, 2023Author:
World Bank
Women are key in the sugarcane industry and have an untapped potential to contribute to the growth of the sector. IFC MAS Advisory worked with DCM Shriram and Olam India to narrow the gap in access to...
Type: BriefReport#: 181658Date: April 1, 2023Author:
World Bank
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