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
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
GDP growth slowed to an estimated 0.4 percent in 2022, partly reflecting the impact of inflationary pressures on domestic demand and weak performance in agriculture. The fiscal deficit increased between...
Type: BriefReport#: 181361Date: April 1, 2023Author:
World Bank
After a strong rebound in 2021, real growth moderated to 6 percent in 2022.Inflation remained subdued at 2.5 percent due to a strong harvest season and measures to partially offset import price pressure...
Type: BriefReport#: 181347Date: April 1, 2023Author:
World Bank
Although Ecuador has significantly reduced macroeconomic imbalances in recent years through a sustained fiscal consolidation and a series of trade surpluses. A polarized political and social context continues...
Type: BriefReport#: 181304Date: April 1, 2023Author:
World Bank
In Serbia, growth decelerated in the second half of the year to an average of 2.3 percent in 2022, largely driven by private consumption. However, real disposable incomes are shrinking with still rising...
Type: BriefReport#: 181327Date: April 1, 2023Author:
World Bank
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
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