A rebased GDP and the methodological changes to tourism’s contribution, indicated growth was 8.8 percent in 2022, and will moderate to 3.8 percent in 2023, driven by tourism and fisheries, household consumption,...
Type: BriefReport#: 181384Date: April 1, 2023Author:
World Bank
Economic recovery has strengthened, growth reached 4.1 percent in 2022, driven by strong export performance and services, as mobility fully resumed. Growth is expected to accelerate further in the medium...
Type: BriefReport#: 181377Date: April 1, 2023Author:
World Bank
Oil price booms have previously supported the Nigerian economy, but this has not been the case since 2021. Instead, macroeconomic stability has weakened amidst declining oil production, costly fuel subsidies,...
Type: BriefReport#: 181380Date: April 1, 2023Author:
World Bank
Economic recovery has strengthened, growth reached 4.1 percent in 2022, driven by strong export performance and services, as mobility fully resumed. Growth is expected to accelerate further in the medium...
Type: BriefReport#: 181377Date: April 1, 2023Author:
World Bank
After a slowdown in 2021 GDP growth accelerated to 11.5 percent in 2022 (7.6 percent in per capita terms) as agricultural production increased, while the extreme poverty rate declined to 46.9 percent....
Type: BriefReport#: 181379Date: 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
In Montenegro, while growth in 2022 was strong at an estimated 6.1 percent, it decelerated in the second half of the year. Private consumption propelled growth, but its contribution weakened by year-end...
Type: BriefReport#: 181282Date: April 1, 2023Author:
World Bank
In Montenegro, while growth in 2022 was strong at an estimated 6.1 percent, it decelerated in the second half of the year. Private consumption propelled growth, but its contribution weakened by year-end...
Type: BriefReport#: 181282Date: April 1, 2023Author:
World Bank
In Armenia, economic growth was 12.6 percent in 2022, much higher than initially expected, mainly due to significant increases in services and private consumption, fueled by strong inflows of migrants...
Type: BriefReport#: 181264Date: 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
Following China’s reopening, gross domestic product (GDP) growth is expected to rebound in 2023 to 5.1 percent, buoyed by private consumption, continued fiscal support, and stronger private investment....
Type: BriefReport#: 181298Date: April 1, 2023Author:
World Bank
A fragile context undermines the adequate functioning of institutions. Armed clashes, protests, and inadequate maintenance disrupted oil production and export amid rising global prices. The economy contracted...
Type: BriefReport#: 181420Date: April 1, 2023Author:
World Bank
Jordan has shown resilience vis-à-vis major regional and global crises. However, labor market conditions suggest that incomes have not recovered after COVID, while climate change risks exacerbate food...
Type: BriefReport#: 181416Date: April 1, 2023Author:
World Bank
Economic growth is accelerating driven by both a continued robust non-hydrocarbon activity and hydrocarbon production expansion. Higher oil prices and renewed fiscal reforms momentum are improving fiscal...
Type: BriefReport#: 181411Date: April 1, 2023Author:
World Bank
In Sri Lanka, the economy contracted significantly in 2022, leading to the worst poverty levels since 2009 and reversing some past human capital gains. Debt restructuring and implementation of deep reforms...
Type: BriefReport#: 181433Date: 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
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
This briefing showcases the gender landscape in Nauru on key indicators helpful for monitoring gender equality and designing effective policy interventions. Gender equality fosters productivity gains,...
Type: BriefReport#: 173474Date: April 1, 2023Author:
World Bank
The Lebanese economy remains in a severe depression amidst continued political deadlock, an institutional vacuum, and high uncertainty. In a context lacking agreement on a comprehensive crisis resolution...
Type: BriefReport#: 181419Date: April 1, 2023Author:
World Bank
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