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
Mongolia’s real gross domestic product (GDP) growth is projected to recover to 5.2 percent in 2023, fueled by a rapid rebound in mining production and robust growth in services. Despite the recovery, poverty...
Type: BriefReport#: 181335Date: April 1, 2023Author:
World Bank
Tunisia’s economic outlook remains highly uncertain. After a moderate economic rebound in 2021, the economy slowed down in 2022 amid rising global energy and food prices. The price rally has aggravated...
Type: BriefReport#: 181436Date: 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
Uzbekistan’s economy grew by 5.7 percent in 2022, which is better than expected, largely supported by strong remittances and exports. Fiscal consolidation is continuing, albeit on a more gradual trajectory...
Type: BriefReport#: 181331Date: 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
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
Poor cashew exports and high inflation slowed growth to 3.5 percent in 2022, causing the pace of poverty to increase. Salary overspending, energy costs and lower tax revenues limited fiscal consolidation...
Type: BriefReport#: 181368Date: April 1, 2023Author:
World Bank
Although growth rebounded from COVID-19 in 2021, adverse spillovers from Russia’s invasion of Ukraine and global monetary tightening emphasize macroeconomic imbalances. Real growth is estimated at 6.7...
Type: BriefReport#: 181358Date: April 1, 2023Author:
World Bank
Following a protracted recession that started in 2015, the Republic of Congo’s (ROC) economy grew by an estimated 1.5 percent in 2022.Higher commodity prices stemming from Russian invasion of Ukraine are...
Type: BriefReport#: 181357Date: April 1, 2023Author:
World Bank
Growth is expected to slow amid lower levels of external financing and diminished macroeconomic buffers. Bolivia would benefit from setting a medium-term strategy to address fiscal and external imbalances,...
Type: BriefReport#: 181296Date: 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
Falling oil production will continue to drag on growth for a third consecutive year, although the pace of decline is lessening. Climate and external shocks, and declining official development assistance...
Type: BriefReport#: 181388Date: 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
In Belarus, real output dropped by 4.7 percent in 2022 after 2.4 percent growth the year before, largely due to an adverse impact of sanctions. Households’ real income declined. As the economy was adjusting...
Type: BriefReport#: 181268Date: April 1, 2023Author:
World Bank
Boosted by the mining sector, Namibia’s economy expanded by 3.5 percent in 2022. In 2023, the economic recovery is expected to continue at a slower pace amid negative spillovers from Russia’s invasion...
Type: BriefReport#: 181378Date: April 1, 2023Author:
World Bank
In Kyrgyz Republic, growth in 2022 was stronger than initially expected, driven by consumption, supported by remittance inflows, largely from Russia, and public investment. Inflation increased sharply,...
Type: BriefReport#: 181280Date: 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
The Moldovan economy has been severely affected by Russia’s invasion of Ukraine and a surge in inflation. GDP have contracted by 5.9 percent and inflation to have reached an average of 28.7 percent in...
Type: BriefReport#: 181281Date: 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
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