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 Kyrgyz Republic, growth in 2022 was stronger than initially expected, driven by consumption, supported by remittance inflows, largely from Russia, and public investment. Inflation increased sharply,...
Type: BriefReport#: 181280Date: April 1, 2023Author:
World Bank
Challenges in agriculture, mining, and construction slowed economic growth to 3.9 percent in 2022 after the post-pandemic rebound in 2021. Strong momentum in services, continued government commitment to...
Type: BriefReport#: 181393Date: 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
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
In Kosovo, the terms of trade shock driven by Russia’s invasion of Ukraine and the associated energy crisis continued to impact economic activity in 2022, but the economy showed resilience. Real GDP growth...
Type: BriefReport#: 181279Date: April 1, 2023Author:
World Bank
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
Macroeconomic conditions in Myanmar remain constrained by weak demand, macroeconomic and regulatory uncertainty, ongoing electricity outages, and persistent conflict. Real gross domestic product (GDP)...
Type: BriefReport#: 181336Date: April 1, 2023Author:
World Bank
The Palestinian economy’s post-pandemic recovery continued during 2022, albeit at a slower rate compared to the 2021 rebound. Despite a significant narrowing of the deficit in 2022, the fiscal situation...
Type: BriefReport#: 181427Date: April 1, 2023Author:
World Bank
Economic activity in Djibouti remains resilient while soaring global prices associated with Russia’s invasion of Ukraine, combined with regional tensions and severe drought in the Horn of Africa, translate...
Type: BriefReport#: 181412Date: April 1, 2023Author:
World Bank
A combination of improving hydrocarbon sector outturns and growth in the non-oil sectors drives economic expansion in Iran. Water and electricity shortages, insufficient job creation, and high inflation...
Type: BriefReport#: 181414Date: 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
Algeria’s economy continued rebounding from the 2020 recession triggered by COVID-19. The country’s external and fiscal balances improved markedly in 2022, as hydrocarbon production and exports picked...
Type: BriefReport#: 181410Date: 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
The FIFA World Cup hosted in Qatar in November and December 2022 provided a near-term boon to the economy despite tightening global financial conditions and declining commodity prices. Large external and...
Type: BriefReport#: 181431Date: April 1, 2023Author:
World Bank
Supported by the revival of the hydro and non-hydrocarbon sectors, Oman’s economy performed strongly in 2022. Despite the downturn in global activity, the outlook continues to be encouraging driven by...
Type: BriefReport#: 181424Date: April 1, 2023Author:
World Bank
The FIFA World Cup hosted in Qatar in November and December 2022 provided a near-term boon to the economy despite tightening global financial conditions and declining commodity prices. Large external and...
Type: BriefReport#: 181431Date: April 1, 2023Author:
World Bank
Real GDP is expected to fall in 2023 as the fiscal and monetary contraction in 2022 takes effect, resolving macroeconomic imbalances accumulated during the Covid-recovery. Inflation remains well above...
Type: BriefReport#: 181299Date: April 1, 2023Author:
World Bank
Barbados’s economy is rebounding, benefiting from a return of tourists that allowed for an economic growth of 10.0 percent in 2022 and likely a poverty reduction. After a pandemic-related interruption,...
Type: BriefReport#: 181294Date: April 1, 2023Author:
World Bank
GDP grew 7.5 percent in 2022, with the economy operating above potential, inflation reaching 13.1 percent, and the current account deficit increasing to 6.2 percent of GDP. As the output gap closes, growth...
Type: BriefReport#: 181300Date: April 1, 2023Author:
World Bank
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