Turkey’s economy grew 11 percent in 2021, the fastest among G-20 countries, as COVID-19 related measures were gradually relaxed in Turkey and abroad. While Turkey’s interest rate cuts from September supported...
Type: BriefReport#: 170624Date: April 22, 2022Author:
World Bank
The economy in Barbados rebounded in 2021 in line with international travel and easing containment measures but was negatively affected by natural disasters such as the eruption of the volcano La Soufriere...
Type: BriefReport#: 170631Date: April 22, 2022Author:
World Bank
Sri Lanka faces unsustainable debt and significant balance of payments challenges. The economic outlook is highly uncertain due to the fiscal and external imbalances. Urgent policy measures are needed...
Type: BriefReport#: 170736Date: April 22, 2022Author:
World Bank
COVID-19 has affected Pacific Island Countries (PICs) in profound ways. The impact has varied considerably between countries. Some are now entering a second wave of community transmission; some are facing...
Type: BriefReport#: 183998Date: April 22, 2022Author:
Horscroft,Virginia Ann ;
Andrews,Donna Louise ;
Gitau,Ciliaka Millicent Wanjiru ;
Orange,David Ryan
Growth rates in Kiribati, Nauru and Tuvalu remain far below pre-pandemic levels. While Tuvalu and Nauru remain COVID-free, the fast spread of COVID-19 in Kiribati in January 2022 highlighted the need to...
Type: BriefReport#: 170584Date: April 22, 2022Author:
World Bank
The economies of Samoa, Tonga and Vanuatu have been hit by natural disasters and the COVID-19 pandemic. These Pacific countries just recorded their first COVID outbreaks. Tonga’s outbreak was amid a volcanic...
Type: BriefReport#: 170598Date: April 22, 2022Author:
World Bank
Russia’s invasion of Ukraine poses downside risks to Azerbaijan’s economic outlook, particularly in the non-energy sector. This follows a strong rebound in 2021, as recovering domestic and external demand...
Type: BriefReport#: 170606Date: April 22, 2022Author:
World Bank
Botswana’s economic growth is projected to moderate to 4.1 percent in 2022 following a 12.1 percent rebound last year. Despite the headwinds created by COVID-19, economic growth surpassed expectations....
Type: BriefReport#: 170530Date: April 21, 2022Author:
World Bank
The COVID-19 is still weighing on Comoros, as the economy grew below its potential in 2021. Driven by an expansionary fiscal policy, growth is expected to pick up in 2022-2024. However, the recovery could...
Type: BriefReport#: 170537Date: April 21, 2022Author:
World Bank
Kuwait exited a two-year recession in 2021 as COVID-19 restrictions and OPEC+ cuts are gradually eased. The fiscal deficit is expected to narrow with surging oil prices. The economic recovery is projected...
Type: BriefReport#: 170711Date: April 21, 2022Author:
World Bank
In Lebanon, real GDP is estimated to have declined by 10.5 percent in2021, on the back of a21.4 percent contraction in 2020 as policy makers have still not agreed on a plan to address the collapse of the...
Type: BriefReport#: 170712Date: April 21, 2022Author:
World Bank
The resulting commodity shocks from the war in Ukraine are on balance positive for Qatar’s economy, the largest LNG exporter in the world. Preparations for the World Cup scheduled for December 2022 have...
Type: BriefReport#: 170718Date: April 21, 2022Author:
World Bank
Economic conditions continue to deteriorate in Yemen, and acute humanitarian crisis persists. The bifurcation of economic institutions by conflicting parties, and the uncoordinated policy decisions have...
Type: BriefReport#: 170724Date: April 21, 2022Author:
World Bank
Niger avoided recession in 2020, but the recovery was interrupted in 2021 with growth falling to 1.4 percent (-2.3 percent per capita), due to heightened insecurity and climatic shocks (drought, erratic...
Type: BriefReport#: 170909Date: April 21, 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 21, 2022Author:
World Bank
The Russian invasion of Ukraine will adversely impact Georgia’s economy. The impact is felt through trade, remittances, FDI, commodity prices, and logistics. This follows a robust recovery from the pandemic...
Type: BriefReport#: 170611Date: April 21, 2022Author:
World Bank
The completion of infrastructure projects in Cameroon is expected to boost GDP growth in 2022. Driven by higher oil prices, the fiscal deficit is projected to narrow in the medium term, while the current...
Type: BriefReport#: 170534Date: April 21, 2022Author:
World Bank
Equatorial Guinea’s economy is estimated to have recorded its seventh consecutive year of negative growth in 2021 amid disappointed hydrocarbon production. Barring new substantial hydrocarbon discoveries,...
Type: BriefReport#: 170541Date: April 21, 2022Author:
World Bank
Eritrea’s real GDP rebounded by 2.9 percent in 2021 after a 0.6 percent contraction in 2020, aided by external demand uptake and resumption of domestic activity. A significant boost to growth is expected...
Type: BriefReport#: 170542Date: April 21, 2022Author:
World Bank
In Mauritius, GDP grew 3.9 percent in 2021 aided by widespread Covid-19 vaccination, although subsequent virus waves dampened tourism recovery and output remains below pre-pandemic levels. External factors...
Type: BriefReport#: 170905Date: April 21, 2022Author:
World Bank
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