India’s rebound in FY22 was strong despite the two ‘waves’ of COVID-19, supported by increased vaccination coverage. The recovery, however, is not broad based with private consumption growth constrained...
Type: BriefReport#: 170730Date: April 22, 2022Author:
World Bank
In Mongolia, after posting 1.4 percent real GDP growth in 2021, growth will remain modest at 2.5% this year. Despite continued policy support and higher commodity prices, the recovery is dragged down by...
Type: BriefReport#: 170592Date: April 22, 2022Author:
World Bank
Due to its invasion of Ukraine, Russia faces the largest coordinated economic sanctions ever imposed on a country. Russia’s economy will be hit very hard, with a deep recession looming in 2022. GDP is...
Type: BriefReport#: 170621Date: April 22, 2022Author:
World Bank
The fallout from Russia's invasion of Ukraine will lead to an economic contraction of about 2 percent in 2022 in Tajikistan. A projected 40 percent fall in remittances, higher food and energy prices, and...
Type: BriefReport#: 170623Date: April 22, 2022Author:
World Bank
Malawi’s GDP growth rose to 2.8 percent in 2021, boosted by an improved agricultural harvest and the diminishing impact of the COVID-19 pandemic. However, growth is projected to stagnate in 2022 due to...
Type: BriefReport#: 170902Date: April 22, 2022Author:
World Bank
Bahrain’s economy is gradually picking up as pandemic pressures fade, non-oil economy recovers, and hydrocarbon production increases. The fiscal deficit remains high as emergency crisis-spending persists...
Type: BriefReport#: 170704Date: April 22, 2022Author:
World Bank
In Solomon Islands, the economy is expected to shrink by -2.9 percent in 2022, reflecting the negative impact of the recent civil unrest and widespread community transmission of the coronavirus. These...
Type: BriefReport#: 170597Date: April 22, 2022Author:
World Bank
In Mongolia, after posting 1.4 percent real GDP growth in 2021, growth will remain modest at 2.5 percent this year. Despite continued policy support and higher commodity prices, the recovery is dragged...
Type: BriefReport#: 170592Date: April 22, 2022Author:
World Bank
In Timor-Leste, the economy is showing signs of moderate recovery from the dual COVID-19 and natural disaster shocks in 2021. The economy is projected to grow by 2.4 percent in 2022 on the back of public...
Type: BriefReport#: 170600Date: April 22, 2022Author:
World Bank
As the economy rebounded, the energy crisis and the war in Ukraine brought new challenges to North Macedonia. With rising public debt, the authorities need to replace Covid-19 support with targeted fiscal...
Type: BriefReport#: 170618Date: April 22, 2022Author:
World Bank
The economy continues to recover from the pandemic-induced recession. Growth and poverty reduction are expected to slow down in the medium term as increasing public debt and declining international reserves...
Type: BriefReport#: 170633Date: April 22, 2022Author:
World Bank
In Brazil, GDP grew 4.6 percent in 2021, thanks to strong services growth and a successful vaccination campaign. Significant downside risks remain in an uncertain environment. The 2022 presidential election...
Type: BriefReport#: 170634Date: April 22, 2022Author:
World Bank
COVID-19 continues to impact Pacific Island Countries (PICs) in profound ways. The impact has varied considerably between countries. Some have entered a second wave of community transmission; some are...
Type: BriefReport#: 184001Date: April 22, 2022Author:
Horscroft,Virginia Ann ;
Andrews,Donna Louise ;
Gitau,Ciliaka Millicent Wanjiru ;
Orange,David Ryan
COVID-19 continues to impact Pacific Island Countries (PICs) in profound ways. The impact has varied considerably between countries. Some have entered a second wave of community transmission; some are...
Type: BriefReport#: 183999Date: April 22, 2022Author:
Horscroft,Virginia Ann ;
Andrews,Donna Louise ;
Gitau,Ciliaka Millicent Wanjiru ;
Orange,David Ryan
After a pronounced economic contraction in 2020, the Croatian economy strongly rebounded in 2021, posting a double-digit growth rate. In addition to domestic demand, economic activity was underpinned by...
Type: BriefReport#: 170610Date: April 22, 2022Author:
World Bank
In Kazakhstan, Russia’s invasion of Ukraine is likely to reduce growth to 1.5 percent in 2022. This figure follows 4 percent growth in 2021, driven by a rebounding economy, consumption growth, and supportive...
Type: BriefReport#: 170612Date: April 22, 2022Author:
World Bank
Kosovo’s economy experienced a strong recovery in 2021, supported by a rebound in domestic demand and record export growth. Inflation also intensified, driven by increases in import prices. Growth is expected...
Type: BriefReport#: 170613Date: April 22, 2022Author:
World Bank
The Polish economy rebounded from the COVID-19 recession, expanding at its fastest pace since 2007. Easing of COVID-related restrictions, robust investment, and favorable labor market conditions supported...
Type: BriefReport#: 170619Date: April 22, 2022Author:
World Bank
After entering the COVID-19 pandemic with high public debt, increased external vulnerabilities, and low economic growth, Belize is experiencing a tourism-led rebound. Tourism-related construction led to...
Type: BriefReport#: 170632Date: April 22, 2022Author:
World Bank
Cote d’Ivoire’s recovery in 2021 registered 7.0 percent growth (4.4 percent per capita), with a rebound in domestic demand. Inflation reached a 10-year high, casting a shadow over the gains for poor households....
Type: BriefReport#: 170540Date: April 22, 2022Author:
World Bank
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