After a strong recovery in 2021, GDP grew by only 2 percent in 2022, supported by a favorable global environment but constrained by domestic challenges, especially the electricity crisis and transport...
Type: BriefReport#: 181387Date: 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
Robust tourism activity is expected to revive the economy with full recovery expected by 2024. Major risks to the outlook include natural disasters and international commodity price shocks. The government’s...
Type: BriefReport#: 181305Date: 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
Macroeconomic conditions in Myanmar remain constrained by weak demand, macroeconomic and regulatory uncertainty, ongoing electricity outages, and persistent conflict. Real gross domestic product (GDP)...
Type: BriefReport#: 181336Date: April 1, 2023Author:
World Bank
Chad’s economic recovery in 2022 was dampened by floods and insecurity; GDP growth was moderate at 2.2 percent (-0.9 percent in per capita terms), while poverty incidence increased by 2.4 percentage points....
Type: BriefReport#: 181354Date: April 1, 2023Author:
World Bank
Mining and the recovery of non-mining activity will boost growth to 5.6 percent in 2023, but poverty rates will increase, and the fiscal deficit widen to 2.6 percent of GDP as capital spending rises. Mining-related...
Type: BriefReport#: 181367Date: April 1, 2023Author:
World Bank
Nicaragua’s economy expanded in 2022 supported by remittance-fueled private consumption, external demand, and higher prices of gold and agricultural exports. While partially offset by strong remittances,...
Type: BriefReport#: 181314Date: April 1, 2023Author:
World Bank
GDP grew by an estimated 11 percent in 2022, slightly less than in 2021, but remains below its 2019 level. Growth was driven by the recovery of services, particularly by tourism. The fiscal accounts started...
Type: BriefReport#: 181293Date: April 1, 2023Author:
World Bank
In Maldives, the economy has recovered to pre-pandemic levels and, with rising tourist arrivals, is expected to maintain a strong growth and poverty reduction trajectory. Commodity price volatility is...
Type: BriefReport#: 181429Date: April 1, 2023Author:
World Bank
This briefing showcases the gender landscape in Botswana on key indicators helpful for monitoring gender equality and designing effective policy interventions. Gender equality fosters productivity gains,...
Type: BriefReport#: 173021Date: 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
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
Economic growth is estimated at 1.8 percent in 2022, a slight deceleration over 2021, driven by industry and services. Agriculture contracted due to insufficient rainfall and delays in fertilizer distribution....
Type: BriefReport#: 181350Date: 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
The 2021 strong growth rebound continued in 2022 (10.5 percent), supported by a recovery in wholesale and retail commerce, transport, storage and communications, and construction. However, government cash...
Type: BriefReport#: 181315Date: April 1, 2023Author:
World Bank
Real GDP growth is estimated to have slowed to 3.4 percent in 2022 on the back of worsening agriculture conditions and macroeconomic instability. Annual inflation returned to triple digit levels in 2022,...
Type: BriefReport#: 181394Date: April 1, 2023Author:
World Bank
In Kazakhstan, the economy grew by 3.2 percent in 2022. However, a surge in inflation has squeezed the real incomes of low-income households and could undermine efforts to reduce poverty. Inflation is...
Type: BriefReport#: 181278Date: April 1, 2023Author:
World Bank
In Albania, growth in 2022 is estimated at 3.5 percent, as private consumption, exports, and investment expanded, despite increasing energy and food prices. Growth is expected to remain subdued for 2023....
Type: BriefReport#: 181263Date: 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
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