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
Supported by the revival of the hydro and non-hydrocarbon sectors, Oman’s economy performed strongly in 2022. Despite the downturn in global activity, the outlook continues to be encouraging driven by...
Type: BriefReport#: 181424Date: April 1, 2023Author:
World Bank
Morocco has undergone a sharp deceleration due to domestic and international shocks: a drought and high commodity prices. This triggered supply-driven inflationary pressures that have broadened, disproportionately...
Type: BriefReport#: 181422Date: April 1, 2023Author:
World Bank
The lingering impact of the 2021 riots along with a local outbreak of COVID-19 and Russia’s invasion of Ukraine resulted in a deep recession. However, the economy will start to recover in 2023 and 2024...
Type: BriefReport#: 181340Date: April 1, 2023Author:
World Bank
Robust terms of trade and private consumption boosted growth and reduced poverty in 2022. Elevated inflation triggered a cycle of monetary policy tightening. Commodity windfalls and subsidy adjustments...
Type: BriefReport#: 181332Date: April 1, 2023Author:
World Bank
The economy accelerated and reached the pre-COVID level in 2022, with support from both extractive and non-extractive sectors. High commodity prices contributed to a higher current account surplus and...
Type: BriefReport#: 181338Date: April 1, 2023Author:
World Bank
Lesotho’s economy expanded by a modest 1.8 percent in 2022 due to domestic political uncertainties and external shocks. GDP growth is projected to accelerate to about 2.3 percent in 2023, driven by the...
Type: BriefReport#: 181370Date: April 1, 2023Author:
World Bank
While Guatemala continued to grow above the LAC average in 2022, poverty is estimated to exceed pre-pandemic levels. External shocks affected its prudent macroeconomic policy, increasing inflation and...
Type: BriefReport#: 181308Date: April 1, 2023Author:
World Bank
GDP contracted by 1.7 percent in 2022, amid a lingering political crisis and gang violence that curtailed economic activity. Recent gains in human capital accumulation have been reversed due to extended...
Type: BriefReport#: 181310Date: April 1, 2023Author:
World Bank
In Nepal, following GDP growth of 5.8 percent in FY22, import restrictions contributed to slower growth in the first half of FY23. The fiscal deficit has been held under 4 percent of GDP by sharply reducing...
Type: BriefReport#: 181430Date: April 1, 2023Author:
World Bank
A severe drought depressed growth in 2022. This, combined with high inflation, is estimated to have increased extreme poverty. As weather conditions normalize, the economy is expected to rebound by 4.8...
Type: BriefReport#: 181316Date: April 1, 2023Author:
World Bank
This brief discusses the economic development of Vietnam for the month of April 2023. Vietnam’s economy slowed to 3.3 percent (y/y) in Q1-2023 compared to 5.9 percent (y/y) in Q4-2022, largely due to a...
Type: BriefReport#: 181451Date: April 1, 2023Author:
World Bank
In Bangladesh, real GDP growth slowed in the first half of FY23, as inflation surged and external conditions deteriorated. Full year growth is projected to decelerate to 5.2 percent in FY23 from 7.1 percent...
Type: BriefReport#: 181425Date: April 1, 2023Author:
World Bank
After rebounding to 2.9 percent in 2021, GDP growth moderated to 2.5 percent in 2022, impacted by sluggish global demand. A convergence to pre-pandemic growth trends over the medium term is anticipated,...
Type: BriefReport#: 181360Date: April 1, 2023Author:
World Bank
GDP growth accelerated to 2.8 percent in 2022 due to a high carry-over from 2021 and as remittances and private consumption remained strong following significant improvements in security. While the fiscal...
Type: BriefReport#: 181306Date: 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
Equatorial Guinea’s economy expanded by an estimated 2.9 percent in 2022, driven by the rebound in the hydrocarbon sector. The fiscal and external balances improved thanks to an increase in oil production...
Type: BriefReport#: 181359Date: April 1, 2023Author:
World Bank
In Serbia, growth decelerated in the second half of the year to an average of 2.3 percent in 2022, largely driven by private consumption. However, real disposable incomes are shrinking with still rising...
Type: BriefReport#: 181327Date: 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
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