In Bosnia and Herzegovina, real output growth decelerated to 4 percent in 2022 from 7.4 percent the year before largely due to an adverse term of trade shock. The shock accelerated inflation to 14 percent...
Type: BriefReport#: 181271Date: 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
Growth is expected to decelerate to 4.7 percent in 2023 from 8.3 percent in 2022, negatively impacted by lower global demand. Inflation will begin to ease after reaching 10.8 percent in 2022, the highest...
Type: BriefReport#: 181376Date: 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
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
Real GDP growth in Croatia remained strong in 2022, with favorable developments concentrated in the first half of the year. The country is expected to avoid contraction in 2023 but growth is set to be...
Type: BriefReport#: 181274Date: April 1, 2023Author:
World Bank
The October 2021 military takeover weakened domestic activity, slowing progress toward debt relief as part of the heavily indebted poor countries initiative. Despite food insecurity, floods, higher input...
Type: BriefReport#: 181389Date: April 1, 2023Author:
World Bank
GDP growth fell to 1.8 percent in 2022 due to ECOWAS sanctions, high food inflation, and parasite infestations affecting cotton production. This led to negative per capita income growth, a 3.2 percentage...
Type: BriefReport#: 181374Date: 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 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
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
The United Arab Emirate (UAE’s) post-pandemic rebound continued strongly in 2022 supported by domestic and global oil demand. Growth is projected to slow in 2023 to reflect global economic downturn and...
Type: BriefReport#: 181437Date: April 1, 2023Author:
World Bank
Syria’s real gross domestic product (GDP) contraction is projected to widen by 2.3 percentage points to 5.5 percent in 2023 as a result of the devastating earthquake that affected significant parts of...
Type: BriefReport#: 181435Date: April 1, 2023Author:
World Bank
The economies of Samoa, Tonga, and Vanuatu have been hit by multiple shocks, including natural disasters and the COVID-19 pandemic. Travel restrictions hit tourism-related activity with negative spillovers...
Type: BriefReport#: 181341Date: 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
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
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
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
In Bhutan, output is estimated to have grown by 4.3 percent in FY21-22, after two years of economic contraction. The COVID-19 pandemic and Russia’s invasion of Ukraine resulted in a significant deterioration...
Type: BriefReport#: 181426Date: 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
You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Before you leave, we’d love to get your feedback on your experience while you were here. Will you take two minutes to complete a brief survey that will help us to improve our website?
Feedback Survey
Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website.
Thank you for participating in this survey! Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org.
