In Azerbaijan, economic growth was 4.6 percent in 2022, driven by non-energy sectors supported by recovering demand and fiscal expansion. Inflation accelerated sharply to 13.8 percent, driven by import...
Type: BriefReport#: 181266Date: 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
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
The Palestinian economy’s post-pandemic recovery continued during 2022, albeit at a slower rate compared to the 2021 rebound. Despite a significant narrowing of the deficit in 2022, the fiscal situation...
Type: BriefReport#: 181427Date: April 1, 2023Author:
World Bank
Economic activity in Djibouti remains resilient while soaring global prices associated with Russia’s invasion of Ukraine, combined with regional tensions and severe drought in the Horn of Africa, translate...
Type: BriefReport#: 181412Date: April 1, 2023Author:
World Bank
A combination of improving hydrocarbon sector outturns and growth in the non-oil sectors drives economic expansion in Iran. Water and electricity shortages, insufficient job creation, and high inflation...
Type: BriefReport#: 181414Date: April 1, 2023Author:
World Bank
Kuwait’s economy is expected to slow down in 2023, after performing strongly in 2022, and stabilize over the medium term. The projected economic slowdown is driven by the sluggish global economic activity...
Type: BriefReport#: 181417Date: April 1, 2023Author:
World Bank
Algeria’s economy continued rebounding from the 2020 recession triggered by COVID-19. The country’s external and fiscal balances improved markedly in 2022, as hydrocarbon production and exports picked...
Type: BriefReport#: 181410Date: 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
The FIFA World Cup hosted in Qatar in November and December 2022 provided a near-term boon to the economy despite tightening global financial conditions and declining commodity prices. Large external and...
Type: BriefReport#: 181431Date: 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
The FIFA World Cup hosted in Qatar in November and December 2022 provided a near-term boon to the economy despite tightening global financial conditions and declining commodity prices. Large external and...
Type: BriefReport#: 181431Date: April 1, 2023Author:
World Bank
Real GDP is expected to fall in 2023 as the fiscal and monetary contraction in 2022 takes effect, resolving macroeconomic imbalances accumulated during the Covid-recovery. Inflation remains well above...
Type: BriefReport#: 181299Date: 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
The Comoros’ recovery has been hindered by Russia’s invasion of Ukraine. For the fourth consecutive year, growth remained below pre-Cyclone Kenneth levels. Low-income households have been affected by rising...
Type: BriefReport#: 181355Date: 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
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
Growth in 2023 is projected to decelerate due to a global economic slowdown, still high inflation and the lagged effect of monetary tightening. Despite the improved fiscal accounts in 2022, fiscal risks...
Type: BriefReport#: 181297Date: 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
India has been one of the fastest-growing major economies in the world, but growth in FY23-24 will moderate on the back of global spillovers and slower consumption growth. Lower demand-pull pressures and...
Type: BriefReport#: 181428Date: April 1, 2023Author:
World Bank
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