In Chile, growth will decelerate sharply in 2022 on a reversal of fiscal stimulus and political uncertainty. High inflation is expected to trigger additional monetary tightening. Temporary gains in poverty...
Type: BriefReport#: 170635Date: April 22, 2022Author:
World Bank
The Ukraine-Russian war has brought substantial challenges to the Belarusian economy related to new sectoral sanctions, the disruption of trade with Ukraine, and negative spillovers from the Russian economy....
Type: BriefReport#: 170607Date: April 22, 2022Author:
World Bank
With rising external headwinds and domestic challenges, economic growth is projected to slow to 5.0 percent in 2022. By 2022, 10.8 percent of the population in China are expected to fall below the $5.50/day...
Type: BriefReport#: 170587Date: April 22, 2022Author:
World Bank
COVID-19 has led to recessions in the Federated States of Micronesia (FSM), Republic of the Marshall Islands (RMI) and Palau. A gradual recovery is projected from FY22. In the short term, moderate fiscal...
Type: BriefReport#: 170594Date: April 22, 2022Author:
World Bank
Vietnam’s economy is expected to grow by 5.3 percent in 2022, given the policy of living with COVID, strong performance by export-oriented manufacturing and domestic demand recovery. Poverty is expected...
Type: BriefReport#: 170601Date: April 22, 2022Author:
World Bank
In Bulgaria, following a stronger-than-projected recovery in 2021, growth is likely to slow down in 2022 given higher inflationary pressures, the war in Ukraine, and supply chain disruptions. Off the back...
Type: BriefReport#: 170609Date: April 22, 2022Author:
World Bank
Romania’s economy rebounded at 5.9 percent in 2021, despite supply disruptions, a significant pick-up in inflation and the effects of the pandemic. The economy is projected to modestly expand in 2022,...
Type: BriefReport#: 170620Date: April 22, 2022Author:
World Bank
Following the recovery in 2021, Maldives is projected to grow at 7.6 percent in 2022, and fully recover to pre-pandemic output levels by 2023. This will be supported by a sustained recovery in tourism,...
Type: BriefReport#: 170733Date: April 22, 2022Author:
World Bank
In Papua New Guinea, the economy rebounded modestly in 2021, supported by agriculture in the context of limited COVID-19 mobility restrictions. Rising fiscal deficit and the economic contraction placed...
Type: BriefReport#: 170595Date: April 22, 2022Author:
World Bank
Growth in Moldova is expected to be curtailed by the unfolding crisis in Ukraine despite its swift recovery from COVID-19. Medium term growth hinges on the containment of the war and of the COVID-19 pandemic,...
Type: BriefReport#: 170615Date: April 22, 2022Author:
World Bank
Growth in Moldova is expected to be curtailed by the unfolding crisis in Ukraine despite its swift recovery from COVID-19. Medium term growth hinges on the containment of the war and of the COVID-19 pandemic,...
Type: BriefReport#: 170615Date: April 22, 2022Author:
World Bank
The reopening of Fiji’s borders to tourism in December 2021 marked a major step towards economic recovery. The economy is expected to reach the pre-pandemic level by 2024, supported by private consumption...
Type: BriefReport#: 170588Date: April 22, 2022Author:
World Bank
In Lao People’s Democratic Republic, the economic recovery is expected to continue in 2022, mainly supported by industry and services, with growth projected to accelerate to 3.8 percent. However, growing...
Type: BriefReport#: 170586Date: April 22, 2022Author:
World Bank
In the Philippines, following a deep contraction in 2020, the economy rebounded in 2021 supported by strong manufacturing and public investment. Economic policies have been supportive of the recovery,...
Type: BriefReport#: 170596Date: April 22, 2022Author:
World Bank
In Armenia, the impact of the war in Ukraine and sanctions on Russia is likely to be significant given Armenia’s strong economic links with Russia. The economy rebounded by 5.7 percent year on year (yoy)...
Type: BriefReport#: 170605Date: April 22, 2022Author:
World Bank
In Albania, a robust recovery took place in 2021thanks to policy stimulus and resurgence of travel, construction, and extractive activity. Private investment, consumption, and public spending drove growth,...
Type: BriefReport#: 170604Date: April 22, 2022Author:
World Bank
Spillovers from Russia’s invasion of Ukraine are expected to reverse the progress made by the Kyrgyz economy in recovering from the COVID pandemic in 2021 when annual GDP growth was 3.6 percent. The economy...
Type: BriefReport#: 170614Date: April 22, 2022Author:
World Bank
The Serbian economy is recovering well from the impact of COVID-19 pandemic by growing 7.4 percent in 2021 and poverty incidence declined to an estimated 9.8 percent. Growth is expected to decelerate in...
Type: BriefReport#: 170622Date: April 22, 2022Author:
World Bank
In Colombia, economic recovery has been solid, with risks stemming from the labor market and higher-than expected inflation. GDP grew 10.6 percent in 2021 and is projected to grow 4.4 percent in 2022,...
Type: BriefReport#: 170636Date: April 22, 2022Author:
World Bank
The Omicron wave and the Ukraine war have further set back Thailand’s recovery and prompted a downward revision of the World Bank’s growth projection to 2.9 percent in 2022. Inflation surged to a 13-year...
Type: BriefReport#: 170822Date: April 22, 2022Author:
Puthong,Warunthorn ;
Ariyapruchya,Kiatipong ;
Edwards,Kim Alan
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