After two consecutive years of virtual stagnation, CAR’s economy is estimated to have recorded zero growth in 2022 and is projected to grow at an average rate of 3.6 percent in 2023-25, allowing per capita...
Type: BriefReport#: 181353Date: April 1, 2023Author:
World Bank
Growth is estimated to have weakened in 2022, mainly due to natural disasters and the indirect effects of Russia’s invasion of Ukraine. Although growth is projected to recover to an average of 4.7 percent...
Type: BriefReport#: 181372Date: 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
GDP growth is projected to decelerate in 2023 despite a strong tourism season, as the solid post-pandemic recovery phase comes to an end and a sizeable drought affects primary production and related activities....
Type: BriefReport#: 181321Date: April 1, 2023Author:
World Bank
In 2022, growth is estimated at 5.2 percent, up from 2.4 percent in 2021, driven by gold production and an exceptional agricultural output. The sharp increase in food and energy prices led to a deterioration...
Type: BriefReport#: 181375Date: 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
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
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
In Georgia, growth is estimated at 10.1 percent in 2022 due to strong money inflows from Russia and recovery in tourism and investment. As a result, employment recovered and poverty continued to fall....
Type: BriefReport#: 181275Date: 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
Poland’s GDP grew by 4.9 percent in 2022 but high inflation, policy uncertainties, tighter financing conditions, and an unwinding of the inventory cycle will weigh on growth in 2023. The Russian invasion...
Type: BriefReport#: 181324Date: April 1, 2023Author:
World Bank
The recovery is well underway owing to strong domestic pent-up demand following the reopening. However, fiscal, and monetary policy space has narrowed in recent years amid the pandemic and as global conditions...
Type: BriefReport#: 181339Date: 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
Honduras's economy expanded robustly in 2022, supported by remittance-fueled private consumption and private investment. GDP growth is expected to moderate in the near term amid a tempering of global demand...
Type: BriefReport#: 181311Date: April 1, 2023Author:
World Bank
DRC’s economy grew by 8.6 percent in 2022 as mining production expanded. Elevated prices of imported food and oil led to higher inflation and a wider current account deficit despite rising exports. Capital...
Type: BriefReport#: 181356Date: April 1, 2023Author:
World Bank
Growth remained strong in 2022 helped by a recovery in tourism, supporting robust fiscal results. As in other small open economies, a slowdown in external demand and further tightening of financing conditions...
Type: BriefReport#: 181301Date: April 1, 2023Author:
World Bank
Dominica’s economy continues to perform well as tourism rebounds following its abrupt stop in 2020. Nonetheless, poverty is expected to remain elevated compared to pre-COVID-19 levels due to the impact...
Type: BriefReport#: 181302Date: April 1, 2023Author:
World Bank
GDP grew 4.9 percent in 2022 fueled by a recovery in tourism but is expected to cool down in 2023.TheCentral Bank proactively increased its monetary policy rate in 2022 to 8.5 percent in response to rising...
Type: BriefReport#: 181303Date: 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
Growth accelerated in 2022 due to increased oil production and higher oil prices allowing for an expansive fiscal stance in an election year. With an appreciating currency and food prices easing, inflation...
Type: BriefReport#: 181346Date: April 1, 2023Author:
World Bank
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