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 21, 2022Author:
World Bank
Mozambique’s economy recovered moderately in 2021. Growth reached 2.2 percent, driven by agriculture and a gradual rebound in demand. Yet, the poverty rate remains high at 63.5 percent as per capita income...
Type: BriefReport#: 170906Date: April 21, 2022Author:
World Bank
Strong growth and spending discipline helped Costa Rica exceed fiscal targets in 2021, despite harsh COVID-19 waves and election-related spending pressures. A strong rebound in manufacturing, particularly...
Type: BriefReport#: 170637Date: April 21, 2022Author:
World Bank
After Nepal’s initial recovery in FY21, growth momentum continued during H1FY22 with progress in vaccination and ongoing COVID-19 related fiscal and monetary support. Growth is expected to accelerate in...
Type: BriefReport#: 170734Date: April 21, 2022Author:
World Bank
Backed by a rebound of services and dynamic construction sector, real GDP growth in Benin is estimated to have reached 6.6 percent in 2021, in-line with pre-COVID trends. The fiscal deficit deteriorated...
Type: BriefReport#: 170529Date: April 21, 2022Author:
World Bank
Burkina Faso’s economy grew by an estimated 7.0 percent in 2021 (4.2 percent in per-capita terms), with investment-led growth in services, gold mining, and manufacturing. Due to supply bottlenecks in the...
Type: BriefReport#: 170531Date: April 21, 2022Author:
World Bank
While the COVID-19 pandemic interrupted a prolonged period of growth, resilient remittances and a timely fiscal stimulus package helped alleviate the impact and supported a strong rebound; real GDP is...
Type: BriefReport#: 170643Date: April 21, 2022Author:
World Bank
Honduras's real GDP reached its pre-crisis level in 2021, led by remittance-fueled private consumption, post-hurricane reconstruction, and robust export demand. Poverty and inequality are estimated to...
Type: BriefReport#: 170646Date: April 21, 2022Author:
World Bank
Panama’s strong rebound in 2021 brought real GDP above its pre-crisis level. Poverty is estimated to decline to almost pre-crisis levels, in part due to Panama’s mitigative social assistance measures....
Type: BriefReport#: 170650Date: April 21, 2022Author:
World Bank
Paraguay’s economic recovery is constrained by adverse climate developments and global uncertainty. The ongoing drought is reducing agricultural yields and hydroelectric exports, and driving up logistics...
Type: BriefReport#: 170651Date: April 21, 2022Author:
World Bank
Egypt undertook exchange rate, monetary and fiscal measures in response to adverse global developments (including soaring prices and tightening financial conditions), aggravated by the war in Ukraine....
Type: BriefReport#: 170707Date: April 21, 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 21, 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 21, 2022Author:
World Bank
In Malaysia, the economy is projected to expand by 5.5 percent in 2022, supported by a recovery in domestic demand and an expansion in exports. Downside risks to growth remains, with the military conflict...
Type: BriefReport#: 170591Date: April 21, 2022Author:
World Bank
In Thailand, the economy expanded by just 1.6 percent in 2021 as tourism remained dormant and a surge in COVID-19 cases hit economic activity. Economic activity is expected to return to pre-pandemic levels...
Type: BriefReport#: 170599Date: April 21, 2022Author:
World Bank
Kenya’s economy was severely disrupted by the COVID-19 shock but it has staged a strong recovery, and the poverty rate is projected to fall below its pre-pandemic level in 2022. However, prolonged drought...
Type: BriefReport#: 170897Date: April 21, 2022Author:
World Bank
In Cabo Verde, growth rebounded to 7.1 percent in 2021, led by the gradual recovery in tourism, supporting poverty alleviation. Inflationary pressures increased, driven by energy and food. Growth-friendly...
Type: BriefReport#: 170533Date: April 21, 2022Author:
World Bank
An increased import bill and a decline in official aid flows have led to a weakening of the balance of payments and a significant drawdown in reserves in Ethiopia. Growth in FY22 is expected to ease from...
Type: BriefReport#: 170890Date: April 21, 2022Author:
World Bank
Economic recovery in The Gambia accelerated towards end-2021. However, the pace of recovery will slowdown owing to commodity prices and supply shocks. High fiscal deficits have led to domestic borrowing...
Type: BriefReport#: 170893Date: April 21, 2022Author:
World Bank
An economic recovery started in 2021 but was interrupted in 2022 by the combined impact of a third wave of the pandemic, a series of climate shocks, and the escalating conflict in Ukraine. In this context,...
Type: BriefReport#: 170901Date: April 21, 2022Author:
World Bank
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